Ill. Budget Has Higher Cap On NOLs, Sports Betting Tax Hike

By Maria Koklanaris (June 5, 2024, 6:37 PM EDT) -- Illinois will extend a cap on corporate net operating loss deductions, increase its sports betting tax and reduce sales tax rebates for retailers under a $53.1 billion fiscal year 2025 budget signed Wednesday by Democratic Gov. J.B. Pritzker....

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