Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Monthly sales tax collections in Illinois continued sharp declines compared to one year earlier amid strict COVID-19 restrictions. Neighboring states with more open economies fared better.
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
Illinois’ state and local sales taxes make shopping for gifts an expensive gesture of kindness every holiday season.
Included in Gov. J.B. Pritzker’s capital plan is increased taxing power for some county governments to create or raise countywide gas taxes. Will County could be the first to exercise that authority.
Taxes alone hike the average Illinois cellphone bill by 31%.
Chicago Mayor Lori Lightfoot has proposed a $20 million tax on dining out to help fill the city’s $838 million budget shortfall.
A year ago, over half of Illinoisans considered moving away, but today it’s more than 6 in 10, a new poll shows. The No. 1 reason cited for wanting to move? High taxes.
The Land of Lincoln is the land of the nation’s least-friendly state tax climate, according to a new study.
A pair of proposals recently filed by state lawmakers would kill the vehicle trade-in sales tax before it kicks into gear at the start of 2020.
Chicago is tied with two other cities for the highest sales tax rates for a major U.S. city, adding another superlative for taxation of residents and visitors.