Wednesday, March 13, 2013
The tax currently brings in about $3.3 million per year; Naperrville is considering expanding from just issuing cultural grants to funding services and pensions.
With the Naperville's one-pecent food and beverage tax (instituted in 2004) now bringing in about $3.3 million per year, the city is considering capping the amount of that fund that can be spent on Special Events and Cultural Amenities (SECA) grants—the Chicago Tribune reports. According to the paper, a quarter of the money is already being diverted into the city's General Fund and may be used on pension debt; now, Naperville councilmen have agreed to cap cultural-grant funding at $2 million (a number that would grow by a currently unknown percentage annually), perhaps leaving extra money to funnel into social-services grants. "We're doing this with an existing revenue stream; this is not a new tax," the paper quoted Councilman Grant …
Tuesday, February 5, 2013
Congressmen Peter Roskam (IL-06) and Ron Kind (D-WI) introduce bill to make IRS Free File program permanent for eligible lower- and middle- income taxpayers.
Tuesday, February 5
Congressman Peter Roskam (IL-06) on Tuesday introduced legislation to make the IRS Free File program permanent with Congressman Ron Kind (D-WI). Launched in 2003 as a partnership between the IRS and the Free File Alliance, the Free File program provides approximately 98 million eligible taxpayers with free online individual income tax preparation and electronic tax filing services, according to a press release from Roskam's office. “The Free File program is a win-win,” Roskam said in a statement. “Not only do middle income families save money on tax preparation each year, but there is no cost to the federal government, and the program has actually saved the IRS hundreds of millions of dollars. This is a common sense solution that helps …