Chicago Owes Trump $1M in Tax Refunds, but State’s Attorney Seeks to Block It
lawsuit filed to block Trump from getting money
Donald Trump is owed $1.03 million in a tax refund for his Chicago skyscraper, but the state's attorney is now seeking to block it by filing a lawsuit.
In June, the Illinois Property Tax Appeal Board ruled :
"Cook County Board of Review overestimated the value of the building’s hotel rooms and retail space," according to the Chicago Sun-Times.
Trump's tax refund would "come out of property taxes due to the city of Chicago and eight other government agencies, including Chicago Public Schools, which stands to lose the biggest chunk of money, about $540,000," the outlet reported.
Alderman Edward M. Burke filed the original case, whose former law firm, Klafter & Burke argued Trump's skyscraper was over-assessed.
The law firm won over $14 million in tax breaks for Trump over 12 years, but the relationship was ended over "irreconcilable differences."
Unsurprisingly, he is a Democrat who opposed many of Trump's policies.
Reports say Burke is still on the City Council but has left the law firm.
On July 9, the Cook County State's Attorney appealed to the Illinois Appellate Court.
The case was later intervened on the appeal board's behalf.
Earlier this year, Trump responded to the U.S. Supreme Court's decision to allow the release of his tax returns and other financial records as part of a criminal investigation.
Trump called the ruling "a continuation of the greatest political Witch Hunt in the history of our Country."
"It never ends!" Trump said.
"So now, for more than two years, New York City has been looking at almost every transaction I’ve ever done, including seeking tax returns which were done by among the biggest and most prestigious law and accounting firms in the U.S."
"This is something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew Cuomo," Trump said.
"That’s what is done in third world countries."