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State orders $1 million tax refund for Trump, county moves to block it
If Trump ends up with the tax refund, it would come out of taxes due to the city of Chicago and eight other government agencies; Chicago Public Schools stand to lose the biggest chunk of money — about $540,000.The Illinois Property Tax Appeal Board has decided former President Donald Trump is due a $1 million refund on his skyscraper’s 2011 tax bill, ruling last month that the Cook County Board of Review overestimated the value of the building’s hotel rooms and retail space.
But the Cook County State’s Attorney has filed suit with the Illinois Appellate Court, seeking to block the tax refund, which has yet to be issued.
If Trump ends up with the tax refund, it would come out of property taxes due to the city of Chicago and eight other government agencies, including Chicago Public Schools, which stands to lose the biggest chunk of money, about $540,000.
It’s the latest twist in the case originally filed by Ald. Edward M. Burke, whose law firm argued Cook County officials had over-assessed Trump’s skyscraper.
Read more: https://chicago.suntimes.com/2021/7/30/22602534/trump-property-tax-refund-1-million-cook-county-lawsuit-chicago-illinois-attorney-general
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
Doesn’t make sense that Burke’s records were seized by feds under TFG if Burke was working in his favor. Unless TFG was trying to conceal some of the documents.
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