baking powder Baking powder is a mixture of one or more acidic salts and baking soda, an alkali. These two compounds react when they get wet and release carbon dioxide gas bubbles. These, in turn, cause baked goods to rise. Baking powder is perishable.
An Illinois Court held that the Illinois statutory rate of 9% interest is to be applied to the amounts due on a mortgage loan after foreclosure judgment is entered and before the foreclosure sale is confirmed.
Illinoisâs corporate income tax is charged at a flat rate of 7% of federal taxable income, with adjustments. Returns are due on the 15th day of the 3rd month after the end of the corporationâs tax year. For corporations with tax years following the calendar year, this means March 15th. (For the sake of comparison, the Illinois personal income tax rate is a flat 5% of federal adjusted gross income, with adjustments.)