Wednesday, Mar 4, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Hunters, outdoorsmen hope for ally in Rauner

Illinois hospitals oppose Rauner's cuts to managed care

Quinn advocates consumer rights, blasts Rauner's budget

Moody's: Rauner's budget 'hard to implement'

Rauner wants utility funds for the poor to help balance budget

Recent Comments

1950Brutus - Senate committee will propose taking $580 million from special accounts - Quincy, IL News - QuincyJo
My memory must be leaving me - wasn't there talk of raising the gas tax for road repair but now we are raiding this fund to cover shortages in other areas?? What am I missing here??
1950Brutus - Nancy Pelosi: Netanyahu speech ‘insulting to the intelligence of the United States’ - Qu
From this picture she looks all dried up - now we just need to wait for her to blow away.
Givemeliberty - City narrowing where to cut budget - Quincy, IL News - QuincyJournal.com
Just a thought.... http://www.theblaze.com/stories/2015/03/03/texas-...
qfingers - Schock billed taxpayers for private plane to football game - - Quincy, IL News - QuincyJournal.com
And let's put this another way...here's the sequence of events. #1 Budget for redecorating office...no pre-approval of plans needed...no approval post-decorating required. #2 Redecorate and have fun doing it #3 Now we then come along and say the Shock, and nobody else, now has decorating standards that must be approved by some ghostly body that doesn't exist. If you want controls on…
qfingers - Schock billed taxpayers for private plane to football game - - Quincy, IL News - QuincyJournal.com
This was all much ado about nothing. He had a budget to decorate his office just like every other congressman does...and you think they they don't spend all of their budgets??? Nobody accused him of overspending his budget. It's just that he didn't do the oak and mahogany and boring decor that the others use. Let's go look at how much Hillary spent redecorating the W

Most Popular

Obama to ban bullets by executive action, threatens top-selling AR-15 rifle

Quincy Steak n' Shake Closes

All aboard? State cuts could mean fewer Amtrak trains

Officer Down Facebook page features Quincy officer

Farha announces run for Adams County State's Attorney

Liberty woman wanted out West

League of Woman Voters Hosting Jail Event

Jay Nixon names longtime aide to temporarily replace Tom Schweich as Missouri Auditor

32 Business Services Would Pay IL Sales Tax Under Rauners's Fiscal Plan

7 months ago by Reboot Illinois

State would collect over $600 million annually

From by Reboot Illinois:

Republican gubernatorial candidate Bruce Rauner’s fiscal plan would eliminate the Illinois sales tax exemption for 32 professional and business services.

By expanding the sales tax base, the state could generate more than $600 million in revenue, according Rauner who cited data from the bipartisan Commission on Government Forecasting and Accountability’s 2011 service taxes report.

A recent Reboot Illinois/We Ask America poll suggests voters are warming to his plan, which freezes local property taxes, lowers business registration fees and raises the minimum wage, among other reforms. Broadening the sales tax would partially supplant $1.8 billion in lost revenue for fiscal year 2015 when the income tax rate will roll back to 3.75 percent on January 1. Gov. Pat Quinn wants to make the 5 percent temporary income tax increase permanent.

Quinn’s lieutenant governor candidate and running mate, Paul Vallas, said Rauner’s plan will leave an $8.5 billion hole in the state’s general revenue fund and zap education funding. Rauner claims in his campaign advertising that Quinn has cut $500 million in school spending.

Here are services that would be taxed, along with estimated potential revenue as of 2014. Below the graphic is a plain text chart that includes each service’s estimated untaxed revenue in 2011, and states that have eliminated the exemption. 

 

Services

Est. ’14 Potential Rev.

Est. ’11 Untaxed Rev.

Total States that Eliminate Exemption (and neighboring states)

Attorneys

$167.4 million

$16.6 billion

5

Custom computer programming services

$53.2 million

$5.3 billion

29

Sewer and refuse; industrial and residential use

$46.5 million

$4.6 billion

15 (IA, KY)

Printing

$39.1 million

$3.9 billion

45 (IN, IA, KY, MO, WI)

Personal property rentals

$35.7 million

$1.3 billion

45 (IN, IA, KY, MO, WI)

Marketing consulting services

$30.2 million

$3 billion

6

Advertising agencies

$28.3 million

$2.8 billion

11

Maintenance and janitorial services

$28 million

$2.8 billion

19 (IA)

Membership fees in golf clubs

$26.3 million

$637 million

23 (IA, MO, WI)

General warehousing and storage

$25.6 million

$1.2 billion

13 (IA)

Travel agent services

$14.1 million

$1.4 billion

4

Information services

$11.3 million

$385 million

13

Testing laboratories (excluding medical)

$11.2 million

$1.1 billion

8 (IA, WI)

Security guards and patrol services

$10.2 million

$1 billion

18 (IA)

Check and debt collection

$8.1 million

$803 million

8

Telemarketing bureaus and other contact centers

$7.1 million

$698 million

6

Mini-storage

$6.8 million

$238 million

14 (IA)

Sales of advertising time or space: radio and TV advertising

$6.4 million

$629 million

2

Commercial art and graphic design

$5.8 million

$574 million

23

Public relations agencies

$5.5 million

$540 million

7

Packing and crating

$5.1 million

$230 million

10 (IA)

Refrigerated warehousing and storage

$5 million

$224 million

16

Commercial linen supply

$4.6 million

$121 million

33 (IN,WI,IA)

Chartered flights (with pilot)

$4.4 million

$199 million

9

Marine towing service (including tugboats)

$3.2 million

$143 million

8 (WI)

Sales of advertising time or space: billboards

$3.1 million

$308 million

4

Secretarial and court reporting services

$2.8 million

$273 million

8

Interior design and decorating

$2.7 million

$263 million

10 (IA)

Trailer parks (overnight)

$2.5 million

$60 million

29 (IN,IA,MO,WI)

Investigation services

$1.9 million

$193 million

16 (IA)

Armored car services

$950,000

$94 million

16 (IA)

Telephone answering services

$801,000

$79 million

20 (IA,WI)

Click Here to Read Full Article


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 3 hours, 23 minutes ago

Senate committee will propose taking $580 million from special accounts http://t.co/uLURtqqheY
QuincyJournal on Twitter

QuincyJournal 4 hours, 22 minutes ago

DOJ Report renews outrage in Ferguson - Emails very revealing http://t.co/ySHvTEHxLM
QuincyJournal on Twitter

QuincyJournal 4 hours, 22 minutes ago

State superintendent warns of 'perfect storm' for school districts http://t.co/dsV6jXijAj
QuincyJournal on Twitter

QuincyJournal 5 hours, 23 minutes ago

BOYS' BASKETBALL: Edwardsville holds off Quincy in regional opener http://t.co/pn0qvQ2Nxc