The Illinois General Assembly adjourned on Wednesday, December 3rd, 2014 “sine die” — that means they won’t be coming back for a lame-duck session before the new governor is sworn in on Jan. 12, 2015.
Why does that matter? You and every Illinoisan will get a tax cut on Jan. 1, 2015. The temporary 2011 income-tax hike will sunset to 3.75% from 5% as originally promised, despite the fact that earlier this year it was considered inevitable that the temporary income-tax hike would be made permanent.
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