Illinois
What's New
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ITEP Work in Action
January 9, 2017Voices for Illinois Children: Fair Tax Bill Introduced
Representative Lou Lang introduced a fair tax rate structure (House Bill 689), which would provide over 99% of income taxpayers with a tax cut while raising $1.9 billion to prevent…
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press release
May 4, 2016ITEP Statement on Illinois Department of Revenue Analysis of House Bill 689
For Immediate Release: May 4, 2016 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@itep.org Earlier today, the Illinois Department of Revenue (ILDOR) released an economic analysis of the tax changes…
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ITEP Work in Action
May 7, 2015Voices for Illinois Children: Avoid Cuts, Choose Revenue
Governor Rauner has proposed to close this massive gap through damaging cuts to essential programs and services that strengthen Illinois families, children, communities, and our economy — including child care…
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ITEP Work in Action
January 21, 2015Fiscal Policy Center: Fair For Whom? IL Taxes the Lowest Earners at the Highest Rates
As part of his campaign platform and “Jobs and Growth Agenda,” Governor Rauner has identified the need to “overhaul the tax code so that it’s fair to all taxpayers.” We… -
ITEP Work in Action
July 30, 2014Voice for Illinois for Children: Congress Must Act to Stop Corporate Inversions
A number of high-profile U.S. corporations have, or are reportedly considering, corporate “inversions,” where they move their “headquarters” overseas to avoid paying U.S. corporate income taxes. Unless Congress acts, federal… -
ITEP Work in Action
May 22, 2014Voices for Illinois Children: Double the EITC to Make Illinois Taxes Fairer (Among Other Great Things)
The more money you make in Illinois, the lower share of it you pay in state and local taxes. If that sounds unfair, that’s because it is. In fact, low-…
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ITEP Work in Action
April 15, 2014Voice for Illinois for Children: Improving Tax Fairness Through Income Tax Reform
When adding up the effect of all state and local taxes, Illinois asks middle- and low-income households to pay a percentage of their income that is two to three times… -
ITEP Work in Action
March 20, 2014Voices for Illinois Children: Profitable Companies in Illinois Not Paying Their Fair Share of State Income Taxes
Over the past five years, many profitable Fortune 500 corporations, including several based in Illinois, paid little or no state income taxes to any of the states in which they… -
ITEP Work in Action
March 12, 2014Voices for Illinois Children: New FPC report — tax cuts won’t improve the economy or create jobs
Allowing current state income tax rates to expire will cause a revenue collapse that would threaten Illinois’ economic recovery, curtail the ability to support vital investments, and create more uncertainty…
Related Resources
ITEP Publications about Illinois
Reports about Illinois using ITEP data
All items referencing Illinois
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 3.75% |
| Standard Deduction |
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| Personal Exemption | $2,150 |
| Dependent Exemption | $2,150 |
| Earned Income Tax Credit (EITC) | 10% Refundable |
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| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | Significant exclusion for retirement income |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 7.75% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | Yes |
| Apportionment Factor (Sales) | 0% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 6.25% |
| Average Local Sales Tax Rate | 1.75% |
| Average Combined State & Local Sales Tax Rate | 8.0% |
| State Sales Tax Treatment of Groceries | 1% |
| Local Sales Tax Treatment of Groceries | Taxed |
| Number of Services Taxed | 17 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.307 |
| Diesel Tax Rate (per gallon) | $0.445 |
| Cigarette Tax Rate (per pack) | $1.98 |
| Estate or Inheritance Tax | Yes |
| Net Lottery Sales Per Capita | $171 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015