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.
Last week, the Illinois Supreme Court settled the question of how interest should be calculated on property tax refunds when it ruled on General Motors Corporation v. Pappas. This follows the Illinois General Assemblyâs amendment to the interest provisions specified in the Property Tax Code which became law in August 2005. For property tax refunds involving taxes paid prior to December 31, 2005, interest will be calculated at 5% through the end of 2005.