Illinois Bar Journal

Articles on Taxation

New Tax Regulations

March
1999
Illinois Law Update
, Page 130
On December 21, 1998, the Department of Insurance enacted various new regulations specifying the calculation and applicability of certain taxes to insurance companies in Illinois.

An Illinois Lawyer’s Guide to Important Tax Aspects of Limited Liability Companies

By James A. Nepple
February
1999
Article
, Page 96
A review of state and federal tax consequences of LLC formation, operation, and termination.

Additional Conditions Apply to Delinquent Property Tax Liability of Mortgage Lenders; PA 90-575

January
1999
Illinois Law Update
, Page 13
Two additional conditions must be met before the state can hold mortgage lenders liable for delinquent property taxes.

Environmental Remediation and Tax Credit

January
1999
Illinois Law Update
, Page 13
On October 26, 1998 the Pollution Control Board adopted amendments to section 740 of its administrative rules. 35 Ill Adm Code 740.

Corporate Income Tax Formula and Individual Taxpayer Exemption Changed; P.A. 90-613

December
1998
Illinois Law Update
, Page 662
Public Act 90-613 gradually changes the three-factor Illinois corporate income tax formula to a new formula based exclusively on instate sales.

Delinquent Taxpayer Disclosure-HB 2671

December
1998
Illinois Law Update
, Page 662
This bill allows the director of the Department of Revenue to annually disclose a list of taxpayers who are delinquent in the payment of their tax liabilities collected by the Department of Revenue.

Reducing Real Estate Tax Assessments for Contaminated Property

By H. Alfred Ryan
December
1998
Article
, Page 680
Here's how to lower the property-tax bill for clients who own contaminated real estate.

Public Listing of Delinquent Taxpayers; PA 90-753

November
1998
Illinois Law Update
, Page 596
Subject to several conditions, the Director of Revenue may annually disclose a list of delinquent taxpayers' names, addresses, amounts owed, and other information.

Pages

Select a Different Subject