Article_Normal, Hotels/Restaurants/Casinos, Construction/Real Estate, Leisure/Arts/Hospitality, Regulation/Government Policy, Corporate/Industrial News, Government Finance, Government Budget/Taxation, Sub-National/Local Budget/Taxation, Economic News

Article_Normal, Hotels/Restaurants/Casinos

Trump is due $1 million tax refund for Chicago skyscraper, agency rules

Trump is due $1 million tax refund for Chicago skyscraper, agency rules

8/1/2021 11:59:00 PM

Trump is due $1 million tax refund for Chicago skyscraper, agency rules

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...

The Chicago Sun-Times 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.

BLACKPINK’s Rosé Can Now Tell You a Bedtime Story With Her New Partnership NBA Shot Clock Ejected From Game After Startling Referee With Buzzer Gaming Win: This Pro Gamer Did Something Terrible And Everyone Is Sweeping It Under The Rug Like He’s A Real Celebrity

The vote means that Trump is owed $1.03 million, money that would come out of the property taxes due the city of Chicago, the Chicago Public Schools and several other government agencies. The Cook County State’s Attorney is disputing the refund and has filed a lawsuit with the Illinois Appellate Court in the hopes of blocking it.

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. headtopics.com

Alderman Edward M. Burke, whose former law firm, Klafter & Burke, won the tax breaks for Trump, has been indicted on federal charges that he blocked businesses from getting city permits unless they hired the firm. He has pleaded not guilty and is awaiting trial.

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.

Read more: MarketWatch »

TikTok

He will probably donate it like he did his salary. That sound you hear out the window is not machine guns firing. It’s millions of Democrat heads exploding. this is terrible news

Tokyo 2020: Why Discovery And Eurosport Bet $1.2bn On The OlympicsThe Tokyo 2020 Olympics are the first Summer Games to be covered by a $1.2bn pan-European TV deal. Discovery's sports chief Andrew Georgiou says Eurosport can offer value to viewers and rightsholders - and drive subscriptions to Discovery+.

U.S. Senate works on the weekend on $1 trillion infrastructure billThe U.S. Senate will continue work on Saturday on a bill that would spend $1 trillion on roads, rail lines and other infrastructure, as lawmakers from both parties sought to advance President Joe Biden's top legislative priority. Better then trumps bill by a wide margin! Come on, the wealthy are starving! Don’t give them a damn penny until Joe takes a cognitive test and hands over his medical records

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?

Trump raises big money in early 2021, but doesn't spend muchTrump, a Republican, established the Save America committee in November shortly after losing the presidential election to Democrat Joe Biden. Under Federal Election Commission (FEC) rules, the committee has broad leeway in how it can use its money. A filing with the FEC showed Save America made a $1 million contribution in June to the America First Policy Institute, a nonprofit run by veterans of his administration. Poor and middle class people donating directly into the pockets of a millionaire. Priceless… It’s being saved for his legal defense fund and his bank loans. Those little $10 & $25 contributions are being scammed from the loser supporters.

Trump to DOJ: 'Just say that the election was corrupt + leave the rest to me'Former President Trump pressured his incoming acting Attorney General Jeffrey Rosen to declare that the election was corrupt in an attempt to help GOP members of Congress try to overturn the election result, according to notes of a December 2020 call. And why isn’t this thug arrested yet? CNN=Communist News Network. How are Brian and Don’s ratings doing?

New docs show Trump pressing DOJ to lie about election corruption.MaddowBlog: Fmr. President Trump urged the Justice Department to lie about imaginary election corruption, as part of a scheme to hold onto illegitimate power. MaddowBlog Could we have a redo on that last impeachment vote? Asking for some 'people' who are concerned. MaddowBlog You’re only touching the tip of the iceberg, start checking other republicans who are trying to point the finger at democrats. You will be surprised at what you find but I won’t. MaddowBlog This is all part of the 1/6 insurrection! Charge and imprison Trump!