Wednesday, January 20, 2010

Sycamore approves sales tax increase

The increase takes the home rule sales tax from 1.25 percent to 1.75 percent. The minimum sales tax in Illinois is 6.25 percent, which includes state, county and city taxes. With the current home rule tax, Sycamore's sales tax rate is 7.5 percent. The increase will result in an overall sales tax rate of 8 percent starting July 1.

The council also approved 7-0 a resolution to review the sales tax increase in September 2012 to determine if it should be rolled back or diminished.

Click on the following for more details:  Sycamore approves sales tax increase | Daily Chronicle

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