Chicago voters to determine fate of property transfer tax referendum ...Middle East

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Chicago voters will be asked to decide whether to allow the City Council to assess new property tax transfer levies as part of an effort to combat homelessness. The City Council voted on the “Bring Chicago Home” referendum on Tuesday, passing it by a 32-17 margin. The decision will place the decision on the bill’s ultimate fate before Chicago voters in the upcoming primary, which will take place on March 19. According to supporters of the bill, it would implement a new tiered tax rate on all property transfers, with additional funds being raised to help combat homelessness in the city of Chicago. The transfer tax would be reduced on the first $1 million of property value on elig

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Last updated : 08 Nov 2023 clock 12:37 AM

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Chicago voters to determine fate of property transfer tax referendum ...Middle East

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