Reports

Fact Sheet: Gross Receipts Tax

Release: March 6, 2007

A Fact Sheet on the Gross Receipts Tax, which in general is a broad-based, low rate tax imposed on all income received by a business without any deductions for costs of doing business.

Illinois Corporate Accountability in Tax Expenditures Law - Public Act 93-0552

Release: October 10, 2006

An overview of Public Act 93-0552, the Corporate Accountability in Tax Expenditures Act.

HB 4908 Limitation of the Net Operating Expense Carry Forward

Release: October 10, 2006

An overview of House Bill 4908 of the 92nd General Assembly, which would have limited the Net Operating Loss Deduction for businesses.

2006 Range of State Corporate Income Tax Rates

Release: July 11, 2006

A list of the corporate income tax rates in all 50 states and the District of Columbia in 2006.

Illinois Corporate Tax Expenditures: Annual Losses FY2001-FY2004

Release: February 9, 2006

A list of annual losses in Illinois' state revenue from corporate tax expenditures for FY2001-FY2004.

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