The Illinois House of Representatives voted 72-45 to pass a bill that will increase the state personal income tax by 32% and the state corporate tax by 35%.
The City of O’Fallon is represented by three different state representatives. Republican State Representative Charlie Meier of Okawville voted in favor of the tax increase. Democrat LaToya Greenwood of East St. Louis also supported the bill. Democrat Katie Stewart of Edwardsville voted no.
The bill will now go to the Illinois Senate for a vote. It is expected that the Senate will pass the bill when they return to work on Monday and send it to the Governor for his signature. However, Governor Bruce Rauner issued a press release Sunday evening and said he will veto the bill.
“I will veto Mike Madigan’s permanent 32 percent tax hike. Illinois families don’t deserve to have more of their hard-earned money taken from them when the legislature has done little to restore confidence in government or grow jobs. Illinois families deserve more jobs, property tax relief and term limits. But tonight they got more of the same.”
The O’Fallon Weekly will keep you posted on more developments throughout the week.