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9 new Illinois taxes totaling $1.7B take effect Jan. 1

By Adam Schuster
12/15/2019
Nearly half of the 20 tax and fee hikes passed to support a record $40 billion state budget and $45 billion infrastructure plan hit on New Year’s Day.

TAGS: cannabis, cigarette tax, economy, electric car, electric vehicle, gas tax, graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, JB Pritzker, marijuana, motor fuel tax, New Year's Day, online sales tax, parking garages, parking tax, progressive income tax, registration fee, spending, spending cap, Springfield, tax hikes, tax increase, taxes, trade-in tax, vehicle registration

New car trade-in tax will hit Illinois drivers New Year’s Day

By Austin Berg
12/12/2019
Illinois will impose a new sales tax on vehicle trade-ins beginning New Year’s Day. That’s why car dealerships have been running radio ads for weeks telling Illinoisans to come on down before the ball drops.

TAGS: Chicago, Cook County, gas tax, ILGA: Illinois General Assembly, Illinois, JB Pritzker, registration fee, soda tax, Springfield, Toni Preckwinkle, trade-in tax, vehicle registration

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Budget + Tax / Research Report

Illinois Forward 2024: A sustainable state budget plan


After years of enhanced revenue from federal aid, a return to the basic principles of budgeting can put Illinois on the path to long-term financial stability

View Report

Report Archive

Education / Your Story

John Jacob

Labor / Policy Point

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014
Illinois Policy In the News

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016

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