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Civic Federation calls for income tax hike, as state misses payments to transit agencies, universities

• By Chrissy Mancini Nichols
• Feb 22, 2010

Today the business-oriented Civic Federation surprised many with a report calling for raising the Illinois income tax from 3 to 5 percent for individuals and from 4.8 to 6.4 percent for corporations and repealing the income tax exemption for federally taxed portions of retirement and Social…

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