If you are in Illinois go ahead and splurge on that piece of bling. Jewelers of America has
announced in a press release that the Illinois State Legislature's Revenue and Finance Committee has opted not to move forward with HB 451, a bill that would have slapped a five percent luxury tax on watch and jewelry purchases over $20,000. Jewelers of America had created an anti-luxury-tax letter and fundraising campaign to stop the bill fearing the impact the luxury tax could have on the industry. Now Jewelers of America is setting their sights on New York which also has a similar luxury tax proposal that calls for a percent tax on jewelry and watches over $20,000.
Killed Soldier In London Attack Identified
Live from Microsoft's New Generation Xbox event!
LOOK: Bank Vault Saves 22 Lives During Tornado
Xbox Reveal liveblog on Joystiq
The List #0147: Escape a Car Underwater
Brave Woman Stood Down Armed London Attackers
Dozens Killed in Oklahoma Tornado; Death Toll to Rise
Xbox One architecture panel liveblog!
Surgeon's Remove Giant Hairball From Tiger
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Demi Looks FANTASTIC In A Bikini
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Okla. School Survivor: Teacher 'Saved Our Lives'
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Selena Gomez Leaving Justin Bieber's House: Booty Call Rumors Swirl
Helen Flanagan Launches PETA Campaign As Only She Knows How
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
Singer Sues McDonald's, Claims Chicken Sandwich Incident Ruined Her Voice
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
U.S. Acknowledges Four American Citizens Killed In Drone Strikes
Help For Heroes Killing
The World's Most Powerful Women
PHOTOS: Tornado Aftermath Leaves Trail Of Destruction
White Father Allegedly Suspected Of Kidnapping Biracial Daughters
NY Times Eviscerates Obama White House
Who Won 'DWTS'?
Mother Dies With Infant During Oklahoma Tornado
WATCH: Tornado Victim Finds Dog During CBS Interview
WATCH: Mom's Emotional Reunion With Son After Tornado
Grossed Out Student Finds "Worm" In His McMuffin
Reader Comments (Page 1 of 1)
just me Mar 26th 2009 11:31AM
Well we already have a 10.25% sales tax on all purchases and frankly, it keeps me from shopping sometimes.