Politics

Trump is owed a tax refund of $1 million for his Chicago skyscraper—but local officials are striving to stop it from being issued

Former President Donald Trump is owed a tax refund of $1 million for his Chicago skyscraper, but local officials are trying to stop it from being issued.

An Illinois tax agency ruled last month that Trump paid too much on his 2011 tax bill after the value of Trump International Hotel and Tower’s rooms and retail space was over-assessed by the Cook County Board of Review, the Chicago Sun-Times reported.

The ruling by the Illinois Property Tax Appeal Board means Trump is owed $1.03 million, which would come from property taxes due to the city and other government agencies. Chicago Public Schools would lose out on about $540,000, according to the Sun-Times.

The Cook County State’s Attorney’s has since filed a lawsuit to block the refund. When reached by Insider, the State’s Attorney’s office said it was unable to comment on pending litigation.

ARTICLE: PAUL MURDOCH

MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: YAHOO NEWS

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Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

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