The governor says the tax could generate $4.5 billion annually and alleviate high property taxes.
Illinois has the second-highest property taxes in the US.
State leaders say it could alleviate the burden of high property taxes on the average resident.
Illinois has the second-highest property taxes in the United States, according to the Tax Foundation, a tax policy nonprofit.
"South suburban homeowners already pay some of the highest property taxes in the county, and these increases will make paying those bills even more difficult."
Persons:
—, JB Pritzker's, Maria Pappas, Pappas, Pat Quinn, Quinn, WBEZ
Organizations:
Service, Illinois Gov, JB, Tax Foundation, Former Illinois Gov
Locations:
Illinois, WBEZ, Massachusetts . Massachusetts, United States, Cook County, Chicago