By the Numbers
In the House
Budget Basics
Illinois Ranks
Closing Loopholes
100
This is the number of Illinois corporations paying income tax. (will accept answers within 10% of correct answer)
What is 33%?
100
The Illinois General Assembly is made up of these two bodies.
What is the Illinois House and Illinois Senate?
100
If a government's spending exceeds its revenue it has a budget __________.
What is deficit?
100
This is Illinois population rank among the 50 states.
What is 6th?
100
This is the definition of a tax loophole.
What is a provision in the laws governing taxation that allows people or companies to reduce their taxes?
200
This is the total dollar amount of unpaid bills owed by the state of Illinois. (will accept answers within $1 billion of right answer)
What is $12.8 Billion?
200
This is the amount of money that the pending corporate tax loophole closure bill will generate. (will accept close answers)
What is ~$1 Billion?
200
This is the difference between deficit and debt.
What is deficit is over a given time, while debt is the total amount owed?
200
This is Illinois' credit rating among the 50 states.
What is 50th?
200
This is the amount of MAP scholarship funding granted by Illinois in 2017.
What is $0?
300
This is the number of months Illinois has gone without a budget. (will accept answers within 2 of right answer)
What is 21 months?
300
This is the member of the ILGA who is sponsoring a corporate tax loophole closure bill.
Who is Will Guzzardi?
300
Assuming no economic growth, these are the two ways a government could fix a deficit.
What is raise taxes or cut spending?
300
This is Illinois' unfunded pension liability among the 50 states.
What is 49th?
300
This is what closing the "water's edge" loophole would force corporations to do.
What is include their U.S. profits held in offshore tax havens when calculating taxes. In many states, companies calculate their taxes based on their income held in subsidiaries incorporated within the water’s edge (that is, within the United States). By declaring a list of tax havens in the law, states can tax corporate profits held in tax havens that lie past the "water’s edge."
400
This is the percentage of total spending which would need to be cut if Illinois does not raise revenue. (will accept answers within 5% of right answer)
What is 26%?
400
This is one of the members of the rules committee which will hear this bill next.
Who are Currie, Brady, Lang, Demmer and Turner?
400
How does a government borrow money?
What is issues bonds with interest?
400
This is Illinois GDP rank among the 50 states.
What is 5th?
400
This is the level of state university funding level in 2016 compared to 2015. (will accept an answer within 5% of answer)
What is 65%?
500
This was the last year that state general funds exceeded expenditures.
What is 2001?
500
This is the number of Co-sponsors of the loophole closure bill. (Will accept answers within 2 of correct answer)
What is 12?
500
According to the Institution for Taxation and Economic Policy, Illinois is the _______ most regressive (poor people pay more) taxation state.
What is 5th?
500
This is Illinois' rank in population growth rate for 2016.
What is 49th? (Illinois was one of two states to lose population [WV])
500
This is what eliminating the vendor discount on sales taxes would do.
What is not allow businesses to keep a portion of the sales taxes they collect?
M
e
n
u