Thursday, January 13, 2011

New Illinois Tax Increases Offer Only Modest Relief for Unpaid Charities - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

New Illinois Tax Increases Offer Only Modest Relief for Unpaid Charities - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Gov. Patrick J. Quinn is set to sign legislation to increase the state’s income and corporate taxes and help the state plug a budget hole of at least $13-billion.

That should make it somewhat easier for the state to pay its bills, including to charities that provide human services. Illinois has the worst record in the country when it comes to late payments for government contracts, according to a recent nationwide survey of nonprofits."

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