An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but local officials are trying to block the refund.reports that at issue is the Cook County Board of Review's estimation of the value of the the Trump International Hotel & Tower's rooms and retail space. In June, the Illinois Property Tax Appeal Board voted 5-0 to reduce the assessment on the building's commercial property.
The dispute is the latest chapter in a long-running legal battle over Trump's tax bills that started more than 12 years ago and has led to more than $14 million in tax breaks for Trump. It also involves not only a former president who is at the middle of a host of legal battles but a Chicago alderman whose own legal troubles had been making headlines in Chicago for months.
The dispute over the tax bills on the high-rise building has it's own long history. Originally, the state agency rejected Trump's argument that the vacant stores had no value because he could not find any tenants to lease them. A hearing officer for the state agency rejected Trump's argument that the vacant stores at the building had no value because he couldn't lease them. But a staff member later wrote a report that Trump was entitled to the refund.
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Trump is due $1 million tax refund for Chicago skyscraper, agency rulesAn Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but... this is terrible news That sound you hear out the window is not machine guns firing. It’s millions of Democrat heads exploding. He will probably donate it like he did his salary.
Source: MarketWatch - 🏆 3. / 97 Read more »
Agency: Trump is due $1M tax refund for Chicago skyscraperAn Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but local officials are trying to block the refund. He should be charged a fine for that ugly Bic lighter looking monstrosity. Tell me again how the system isn't rigged?
Source: AP - 🏆 728. / 51 Read more »
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Source: MSNBC - 🏆 469. / 51 Read more »
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