Taxes in Illinois

Each state’s tax code is a multifaceted system with many moving parts, and Illinois  is no exception. The first step towards understanding Illinois’s tax code is knowing the basics.

How does Illinois rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing Illinois’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

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Lunch Links: Who Pays California Taxes, Shutting Down the IRS, Australia Cuts Corporate Tax Rate

May 3, 2016

Illinois Graduated Tax Proponents Hold Press Conference

May 2, 2016

Lunch Links: Illinois Graduated Tax Hits Small Business, Sanders Tax Returns, Tax Break for Field of Dreams Site

April 27, 2016

Lunch Links: Illinois’s 11.25 Percent Income Tax Proposal, Michael Jackson’s Estate vs. IRS, Krugman Likes Soda Taxes

April 26, 2016

Illinois Considers an 11.25 Percent Tax on Small Businesses

April 26, 2016

Illinois Might Adopt One Of The Highest Income Taxes In The Nation

April 21, 2016

Chicago Approves Property Tax Increase

November 17, 2015

Chicago Adopts Highest Sales Tax Among Major Cities

July 16, 2015

Raining on Our Parade: Chicago Starts Taxing the Cloud

July 13, 2015

Illinois Budget Impasse Sends Lawmakers into Overtime Session

June 11, 2015

Illinois Governor Suspends New Film Tax Credits, Makes Other Spending Cuts

June 3, 2015

Major Tax Actions in Texas, Illinois, Nevada, and Louisiana

May 29, 2015

Illinois Illustrated: A Visual Guide to Taxes & the Economy

May 28, 2015

Taxes in Many States Changing January 1, 2015

December 31, 2014

Illinois May Face Confusing Non-Binding Tax Referendum

June 11, 2014

Illinois Progressive Tax Proposal Stalls in Statehouse

April 30, 2014

Does a Flat Income Tax Create Income Inequality?

April 28, 2014

Response to CBPP: Flat Income Taxes Don’t Endanger Public Finances or Create Inequality

April 28, 2014

Illinois Millionaire Tax Appears Stalled

April 11, 2014

Comparing All the Major Illinois Tax Plans in Brief

March 26, 2014