Economic Impact of Gay Marriage in Iowa The Williams Institute at the UCLA School of Law released a study last week showing that legalizing gay marriage may have added $12-13 million to Iowa’s economy in 2009 and 2010. The study is based on an estimate of expenditures on wedding arrangements and hotels. You can find […]
The Illinois Department of Revenue has finally issued guidance saying that couples in same-sex civil unions can file as married on their state tax returns. Illinois passed a law in June that allows same-sex civil unions. At the time, the Illinois Department of Revenue had said that couples in same-sex civil unions would NOT be […]
UPDATE 11/29/11: The Illinois Department of Revenue has finally issued guidance for same-sex civil unions. People in same-sex civil unions will be able to file as “married” on their Illinois tax returns. Click here for an article from the Chicago Tribune that talks more about this. The article below was written on 11/21/11, prior to […]
Update: The Illinois Department of Revenue has changed its mind. Couples in same-sex civil unions can file joint Illinois tax returns. Click here for more information. Illinois now allows same-sex civil unions and recognizes same-sex marriages conducted outside the state — but it does not recognize those unions for tax purposes. The Illinois Department of Revenue […]
Some tax-related news from Illinois and Wisconsin, via the National Association of Enrolled Agents: Illinois House Adopts Resolution Urging Congress to Oppose Value-Added Tax (VAT) On May 31, the Illinois House adopted H.R. 71, which urges Congress to oppose the passage of any VAT. The resolution states that a VAT is a hidden tax that […]
Illinois has announced that it will enact major increases to its tax rates. Will Iowa benefit? My friends at Radio Iowa have a story about this possibility. The founder of sandwich company Jimmy John’s, based in Champaign, Illinois, has already said he might move his company to Florida because of the rate hike.