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Illinois Valley Times

Sunday, November 24, 2024

Putmam County votes down corporate tax rate increase

Ivoted

Wikimedia Commons

Wikimedia Commons

Putnam County was not in favor of corporate tax rate increase on Nov. 6 ballot.

Taxpayers in Putnam County voted against a referendum calling for Putnam County Proposition to increase the corporate tax rate. "Shall the current corporate tax rate of .37% be increased by .3% to a rate of .67%, which will be levied on the equalized assessed valuation of the taxable property in Putnam County, State of Illinois?".

With 100% percent of the votes counted, the Corporate Tax Rate Proposition had 620 votes in favor and 1,882 against.

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