All Press Items

May 20, 2015

Though Springfield at the moment is tied up in bitter ideological battles, eventually lawmakers are going to have to pass a state budget that almost certainly will require some new revenue. In that vein, a report out today suggests what could be a surprisingly large source: extending the state's sales tax to cover more services, something that has drawn some backing from both legislative Democrats and GOP Gov. Bruce Rauner.

According to the study, extending the state's portion of the sales tax—5 cents on the dollar; the remaining sales tax comes from municipalities and other local governments—to consumer services would pull in a whopping $2.1 billion a year for the state treasury. The fee would hit things such as hair grooming, haircuts, country club and health club memberships, and lawn care.

Source: Crain's Chicago Business