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Illinois’ landmark credit card fee law prompting strong opposition

Illinois’ landmark credit card fee law prompting strong opposition Back to Blog June 26, 2024 Cathy Sagle By OLIVIA OLANDER | oolander@chicagotribune.com | Chicago Tribune PUBLISHED: June 25, 2024 at 5:00 a.m. | UPDATED: June 26, 2024 at 6:09 a.m. Illinois lawmakers in the closing hours of the General Assembly’s spring session last month became the first in the nation to ban banks and…

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Do Americans Drink Too Much? Alcohol Is Driving a Debate in Washington

Do Americans Drink Too Much? Alcohol Is Driving a Debate in Washington Back to Blog June 25, 2024 Cathy Sagle Agencies, lobbyists and lawmakers are fighting over alcohol guidelines due to be updated next year CHARLY TRIBALLEAU/AFP/GETTY IMAGES By Kristina Peterson and Julie Wernau June 24, 2024 5:30 am ET A fight is brewing in Washington, D.C., over…

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Ted Cruz Puts Forth GAME-CHANGING Bill For Service Industry…

Ted Cruz Puts Forth GAME-CHANGING Bill For Service Industry… Back to Blog June 24, 2024 Cathy Sagle By Lisa Pelgin | Sunday, 23 June 2024 04:10 PM In a move that echoes the sentiments of former President Donald Trump, Texas Republican Senator Ted Cruz has taken the initiative to introduce a bill aimed at preventing the Internal Revenue…

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Judge’s Statement Supports Merchants in Swipe Fee Case

Judge’s Statement Supports Merchants in Swipe Fee Case Back to Blog June 18, 2024 Cathy Sagle Dismisses card companies’ argument that the merchants lacked standing as direct purchasers of card services By Greg Lindenberg on Jun. 14, 2024 Visa Inc. and Mastercard Inc. have lost a bid to stop litigation brought by merchants accusing the credit card…

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Some question why video gambling tax increase should benefit Chicago

Some question why video gambling tax increase should benefit Chicago Back to Blog June 6, 2024 Cathy Sagle By Kevin Bessler | The Center Square Jun 4, 2024 (The Center Square) – Video gambling is a huge cash cow for the state of Illinois and Democratic lawmakers want a bigger slice of the pie for Chicago. A…

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Illinois set to cut its grocery tax

Illinois set to cut its grocery tax Back to Blog June 3, 2024 Cathy Sagle The 1% tax that is distributed to municipalities would be discontinued beginning in 2026 Timothy Inklebarger | May 28, 2024 The state of Illinois is poised to eliminate its 1% tax on groceries. The State Senate approved a $53.1 billion state budget…

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Illinois Swipe Fees Will No Longer Apply to Taxes, Tips

Illinois Swipe Fees Will No Longer Apply to Taxes, Tips Back to Blog June 3, 2024 Cathy Sagle Interchange Fee Prohibition Act marks a notable victory for retailers seeking relief from swipe fees, NACS saysBy Rachel Gignac on May 31, 2024 Swipe fees will be prohibited on sales tax, state excise taxes and gratuities in Illinois, according to…

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ILLINOIS RETAILERS TAXED $186M BY CAPPING SALES TAX CREDIT

ILLINOIS RETAILERS TAXED $186M BY CAPPING SALES TAX CREDIT Back to Blog May 31, 2024 Cathy Sagle A cap on the retailers’ sales tax credit will effectively hikes taxes on Illinois retailers by $186 million. Retailers are already facing razor-thin margins, but the record $53.1 billion state budget required $1.1 billion in new taxes. A proposed…

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