Sunday, August 1, 2021

Trump Is Due $1 Million Tax Refund for Chicago Skyscraper

 Via Hal

Agency: Trump is due $1M tax refund for Chicago skyscraper

An Illinois tax agency has ruled that former President Donald Trump is due a $1 million refund on the 2011 tax bill for his downtown Chicago skyscraper, but local officials are trying to block the refund.

The Chicago Sun-Times reports that at issue is the Cook County Board of Review's estimation of the value of the the Trump International Hotel & Tower's rooms and retail space. In June, the Illinois Property Tax Appeal Board voted 5-0 to reduce the assessment on the building's commercial property.

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