Saturday, May 01, 2004

Jim Houlihan's for a $6000 state income tax exemption.

All right! Cook County Assessor Jim Houlihan is calling for a hike in the state personal exemption from the far too low $2000 to $6000. I learned about this in the April edition of Catalyst Chicago in this article.

There is a bill introduced by Representative Will Davis to raise the personal exemption to $12,000 from $2000, and raise the income tax rate from 3% to 4%. The bill is HB 7294.

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