EAST ALTON, Ill. (AP) - Property taxpayers in southern Illinois are getting back roughly $8.4 million related to a now-closed hospital under legislation signed by Gov. Pat Quinn.
The Chicago Democrat signed a bill Wednesday that refunds money from the Wood River Township Hospital that closed in 2000. The hospital's fund had about $8.4 million after paying pension benefits and debt.
House lawmakers approved the bill last week. Supporters say they had several options on what to do with the money. They say giving it to property taxpayers seemed the most fair and popular.
In a Wednesday statement, Quinn says it's been a priority to reduce costs and improve services.
The hospital board estimates a person with a $100,000 home would receive a refund of up to $450.
Are the cookies and loaves of bread baked inside a Schnucks Supermarket sold for immediate consumption in the same way as those sold at a restaurant or convenience store? That's the question the Missouri Supreme Court will have to answer in a case that begins today.
Schnucks is asking the high court to allow the company to take advantage of a 2007 utility sales tax refund law. The Department of Revenue says a bakery that creates goods "for sale directly to the public or through retailers" is eligible, but goods baked at a restaurant and sold for immediate consumption are not.
Last year, the court found two Casey's stores were not eligible for tax refunds on the energy used to bake donuts and pizza bites they sold in individual servings. But Schnucks argues that it isn't the same thing since there's no evidence Schnucks bakeries are restaurants.
The Internal Revenue Service is warning metro-east tax-filers about a scam that could cost them.
IRS officials in Illinois say phoney tax preparers are luring mostly low-income and non-English-speakers with promises of big tax refunds.
The scammers may appear very legitimate, often setting up shop in a storefront office. They use the victim's personal and financial information to file false tax returns, pocketing the money.
The victims don't get a refund, and some have lost federal benefits, like social security or veterans benefits because of the scams.
IRS officials say taxpayers should be wary of tax preparers who don't ask for proof of income and eligibility for credits and deductions.
ST. LIBORY, Ill. (AP) - The small, metro-east village of St. Libory is returning a quarter of the property taxes collected from new homeowners.
The Belleville News-Democrat reports that the village is giving back the tax money in an effort to draw young families into its school district. The refund is good for homes built in a certain tax increment finance district and is good for up to eight years. Homeowners apply to receive the refund.
The village has hired an Edwardsville firm called Moran Economic Development to help it boost growth. About 615 people live in St. Libory, which is about 35 miles southeast of St. Louis.
Thomas Henderson is with the Illinois Tax Increment Association in Springfield. He says the village's incentives aren't common.