On February 6, the Chicago City Council will vote on a plan to
increase – by 40 percent – the
"transfer tax" that you pay at closing
when you buy a home or a commercial building.
This tax will make housing in Chicago less affordable. It will slow business and economic growth in the city. And it will discourage the creation of new jobs.
While federal lawmakers work on an economic stimulus package, the Chicago City Council is planning to rush through a tax increase that will slow down our economy.
If you're concerned about how new taxes on the real estate market will affect you, take action now and contact your alderman.
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>> Click here to tell your alderman how this tax will affect you