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Is it time for an Illinois retirement tax?

Apr 25, 2016

Illinois is one of only three states that has an income tax but exempts all retirement income. And politicians, along with advocacy groups, have long pushed to keep it that way.

But amid the spiraling state budget and public pension crisis, even some anti-tax groups are open to giving the idea a closer look provided, they say, it is woven into a comprehensive and acceptable spending and taxing plan, a BGA Rescuing Illinois report finds.

Yet for Illinois’ dysfunctional government, drafting that blueprint is a very tall order, especially now. The budget stalemate between Republican Governor Bruce Rauner and…

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