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Daily Tax Report: State

Illinois Extends Tax Deadline Three Months to July 15: Pritzker

March 25, 2020, 11:03 PM

Illinois is extending the state’s income tax filing deadline to July 15 from April 15, Governor J.B. Pritzker said Wednesday during his daily press briefing on the virus.

  • By Friday, the state’s small businesses will be eligible for a piece of the Illinois’s $90 million in emergency assistance
  • Michael Jacobson, president and CEO of the Illinois Hotel & Lodging Association, said:
    • The industry has identified about 20,000 hotel rooms to provide housing for healthcare workers and first responders and also serve as hospital overflow
    • Meanwhile, the economic toll from the drop in leisure and business activity could lead to as much as 120,000 in layoffs in the industry in the coming weeks
  • Pritzker said the state will “move as quickly as possible” to bring eligible dollars to Illinois from the $2 trillion stimulus bill headed for a Congressional vote
  • Illinois Treasure Michael Frerichs expressed concern that the funds earmarked for states and municipalities in the stimulus bill won’t be enough if social distancing guidelines aren’t followed
    • “I fear it may not be enough if we do not listen to the med experts,”
    • “Covid-19 is serious business; it preys on us all”

To contact the reporter on this story:
Shruti Date Singh in Chicago at ssingh28@bloomberg.net

To contact the editors responsible for this story:
Elizabeth Campbell at ecampbell14@bloomberg.net

Michael B. Marois

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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