Personal Income Tax

Released April 7, 2014

Policy leaders across Illinois have identified supporting small businesses and entrepreneurship as key to reviving the state’s sluggish economy. And no wonder, given that over 99 percent of all businesses in Illinois are “small business” as defined by the Small Business Administration.  This Report, identifies best practices and policy initiatives decision makers can take to improve the state’s economy and aid small businesses in Illinois.

Released March 28, 2014

Drawing on reports released by Stanford University and the Center on Budget and Policy Priorities, this Issue Brief debunks the myth that if Illinois increased income tax rates on higher incomes there would be a mass exodus of millionaire households out of the state and points out the importance of moving to a fair tax.   

Released May 7, 2010

Fact Sheets and Report on House Bill 174 of the 96th General Assembly. This tax reform bill would have implemented a number of changes to Illinois' tax structure including tax increases of the personal and corporate income taxes. Thus, generating new revenue for the state.

Released April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

Released February 28, 2007

This Fact Sheet provides information on how Illinois could reform its fiscal system to provide equitable education funding.

Released December 17, 2007

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

Released August 1, 2003

Information on the Illinois Earned Income Tax Credit, and its enhancement in 2003.

Released January 31, 2007

An overview and chart of revenue options for Illinois.

Released April 23, 2007

An explanation of the Illinois Earned Income Tax Credit, and why it should be increased.

Released July 16, 2007

An overview and charts of the potential revenue options for Illinois, and what that revenue could be used for.

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