Recent News

 

Political Action - Statewide

 

 

 

Judge Retention 

Thomas Kilbride - 3rd District judge of the Illinois Supreme Court.

 

 

Fair Tax/ Progressive Income Tax 

General Information

  • What is the Fair Tax/ Progressive Income Tax?
    • Proposed amendment for the Illinois constitution that gives the state the ability to change income tax rates.
    • Illinois legislature already passed what those rates would be changed to (listed below), adjusting the rate higher for those who make more and lower for those who make less.
  • Impact if passed:
    • Reduction of income taxes for 97% of individuals; only individuals/ joint filers making more than $250,000 will see an increase.
    • Curbs Illinois’ budget deficit with estimated $3.6 billion in additional state revenue, $1.435 billion after refunds, local government contributions and contribution to Pension Stabilization fund
    • Reduces state budget gap to $6.2 billion
  • Impact if not passed:
    • State budget gap of $7.4 billion
    • FY21 relies on $1.4 billion from new tax plan
    • Funds reserved from the FY21 budget for education, healthcare/ human services, public safety, state and local government, new pension fund, and budget stabilization fund

Rate Changes

  • Current income rate for single/ joint filers is 4.95%. New rates would be:
    • 4.75% for single/ joint filers making $0 – 10,000
    • 4.90% for single/ joint filers making $10,000 – 100,000
    • 4.95% for single/ joint filers making $100,000 – 250,000
    • 7.75% for single filers $250,000 – 350,000 and joint filers $250,000 – 500,000
    • 7.85% for single filers $350,000 – 750,000 and joint filers $500,000 – 1 million
    • 7.99% for single filers $750 + and joint filers $1 million +
  • Businesses currently pay a rate of 7% corporate income tax, which would change to 7.99%
  • Personal Property Replacement Tax would remain the same at 2.5%
  • Property Tax Credit for Individuals would increase from 5% to 6%

Resources for More Information

 

 

 

 

 

 

 

 

 

Job Bank

If you are a SMART sheet metal member who is out of work and willing to travel to the jurisdiction of other local unions to work, contact the Union Office to learn about current opportunities. Currently the demand across the United States is high.

Read more

SASMI-Work Boots

  February 1, 2023 At SASMI, we've got your back... and your feet, too! Now you can get a pair of USA-made, union-made, work books. Choose your pair of Thorogood or Carolina boots from the SASMI list,…

Read more

Are you in a Crisis?

Financial worries, aging parents, job/life stress, health issues - Everyone faces challenges from time to time, with your MAP you don't have to face these things alone.

Read more

Pin Party

Years of Continuous Service Awards Dinner This year we have so many award recipients we have decided to host 2 separate events. Each award recipient has been assigned a location based on their home address.…

Read more