Tax Foundation

Businesses moving out of Illinois triples since pandemic

By Bryce Hill
08/12/2025
Illinois lost 218 businesses to other states in 2023, part of an acceleration to triple the rate of what losses were before the pandemic. When adjusted for population, Illinois ranked No. 2 for the most business losses.

Illinois might revive back-to-school sales tax holiday

By Dylan Sharkey
04/09/2025
Illinois lawmakers are looking at a bill that would cut sales taxes during back-to-school shopping. Illinois hasn’t had a sales tax holiday in years. The bill would lower the state sales tax from 6.25% to 1.25% on clothes and school supplies for six days in August 2025.

TAGS: sales tax