RealEstateRama Laws & Taxes
U.S. Representative Randy Hultgren (IL-14) urged reforms to the National Flood Insurance Program (NFIP) to ensure taxpayers are shielded from unnecessary risk at a hearing today on “Flood Insurance Reform: A Taxpayer’s Perspective.” Many Illinois homeowners and businesses rely on NFIP to protect themselves from disaster after a flood, so the program must be changed so it benefits those who need it most. Reliable data and accurate mapping are essential to reflect the risks to communities located on flood plains.
Governor Bruce Rauner today toured Phibro Animal Health, an animal health and nutrition company, and discussed changes the state needs to get Illinois back on track
Illinois Housing Development Authority (IHDA) Executive Director Audra Hamernik today applauded Governor Bruce Rauner for signing Senate Bill 2921, legislation that preserves an incentive for private investment in affordable housing throughout Illinois by extending the Affordable Housing Tax Credit for an additional five years.
Governor Bruce Rauner today signed Senate Bill 2814, the Future Energy Jobs bill, at a ceremony at Riverdale High School in Port Byron. The bipartisan legislation ensures the Quad Cities and Clinton power facilities remain open for another 10 years, saving thousands of good-paying jobs, while protecting working families, seniors, and thousands of other high-quality, good-paying jobs throughout the state by capping residential and business energy rates
Governor Rauner issued the following statement as many homeowners throughout Illinois face a deadline today to pay property taxes: "Illinois residents are being hit with record property tax increases in communities all around the state even though they already pay the highest property taxes in the nation.
Currently, Karahalios is the Chief Legal Counsel and Sworn Deputy Treasurer in the Cook County Treasurer’s Office. He oversees the compliance of state statutes and county ordinances on real estate tax collection and coordinates litigation with the Cook County State’s Attorney and U.S. District Court for the Northern District of Illinois.
Durbin: Senate’s Long-Term Transportation Bill Provides Certainty Needed To Create Jobs And Improve Infrastructure
Businesses and state governments would have the certainty they need to plan critical infrastructure projects if the long-term bi-partisan transportation bill passed by the U.S. Senate becomes law, U.S. Senator Dick Durbin (D-IL) said today following a tour of the Midwest Inland Port in Decatur. Since 2009, Congress has passed 34 stop-gap measures to keep the country’s major transportation and infrastructure programs from shutting down, with the most recent vote in late July– the third extension this year alone
"I stood with Senator Bernie Sanders last week to introduce the Responsible Estate Tax Act. The Senator is true progressive champion and I am proud to again work with him to make our tax code more fair. This country is the richest on the face of the earth - and we've never been richer. But this period of extreme wealth is also one of extreme inequality: the richest one-tenth of one percent of Americans has as much wealth as the least affluent 90 percent of us
U.S. Representatives Randy Hultgren (IL-14) today supported House passage of a bill he cosponsored, H.R. 1105, the Death Tax Repeal Act of 2015, which permanently repeals the estate, or “death,” tax on family-owned farms and businesses.
CHICAGO - March 25, 2014 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Chicago and Los Angeles, announced that C.J. Loos has joined the firm as a new associate in the Chicago office. Ms. Loos’ background includes a variety of legal projects, with emphasis on corporate and real estate law
CHICAGO - August 22, 2013 - (RealEstateRama) -- Governor Pat Quinn today signed a new law protecting Illinois renters in foreclosed multifamily properties. The new law requires those acquiring foreclosed residential property to honor existing leases or give tenants adequate time to make a safe move. This legislation is part of Governor Quinn’s commitment to protecting Illinois families and helping them fight foreclosure
WASHINGTON, D.C. - July 24, 2013 - (RealEstateRama) -- Following a Senate Banking Subcommittee hearing, U.S. Senator Mark Kirk (R-Ill.) today released a statement on the role of community banks in the housing finance system, and expressed his support for winding down Fannie Mae and Freddie Mac:
CHICAGO - April 23, 2013 - (RealEstateRama) -- Governor Pat Quinn today signed legislation that will reduce property tax bills for seniors across Illinois. Senate Bill 1894 raises the senior homestead exemption from $4,000 to $5,000 – potentially saving seniors up to more than $200 annually. This new exemption for seniors takes effect for Cook County this year
Former Madison County Treasurer Guilty of Structuring Property Tax Sales to Reward Campaign Contributors
WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- The former treasurer of Madison County, Illinois pled guilty in U.S. District Court on February 5, 2013, to violating the Sherman Antitrust Act, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. Fred Bathon, 58, was convicted of structuring Madison County property tax sales in a way that increased prices and rewarded campaign contributors.
WASHINGTON, D.C. - February 4, 2013 - (RealEstateRama) -- If you’re 65 years old or older and you live in Cook County, there’s an important property tax deadline for you coming up this Wednesday, February 6, 2013.