The potential impact of global mobility issues and recent tax developments may require reassessing your planning strategies.
Join us for our first Tax in the City® program of 2022, which will cover federal and...more
2/7/2022
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Women in the Law
A captive insurance and self-procurement tax law is awaiting the governor’s signature in Illinois. This new business-friendly law may provide a substantially improved environment for Illinois-based companies looking for...more
On April 21, 2015, the Illinois Senate unanimously passed Senate Bill 1573, as amended. As we have previously covered, the amended Bill creates an exemption from the 3.5 percent self-procurement tax and 0.2 percent Surplus...more
Members of the Illinois General Assembly continue to make efforts to ameliorate the impact of Illinois’ new self-procurement tax on captive insurance. On March 10, 2015, Sen. William Haine (D-Alton) filed an amendment to...more
On February 20, 2015, Sen. William Haine introduced Senate Bill 1573, which would repeal the self-procurement tax that came into effect January 1, 2015. As we have previously covered in detail, at the end of its 2014 regular...more
As we have previously covered in detail, at the end of its 2014 regular legislative session, the Illinois General Assembly enacted a multimillion dollar tax on Illinois companies using captive insurance arrangements. The law...more