![Illinois Tax Data Explorer (1) Illinois Tax Data Explorer (1)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/04/FF_generic-2024-01-300x141.png)
Facts & Figures 2024: How Does Your State Compare?
Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
2 min read
![Illinois Tax Data Explorer (2) Illinois Tax Data Explorer (2)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/04/2024-state-capital-gains-tax-rates-on-long-term-capital-gains-FV-300x250.png)
State Tax Rates on Long-Term Capital Gains, 2024
Savings and investment are critical activities, both for individuals’ and families’ financial security and for the health of the national economy as a whole. As such, policymakers should consider how they can help mitigate—rather than add to—tax codes’ biases against saving and investment.
5 min read
![Illinois Tax Data Explorer (3) Illinois Tax Data Explorer (3)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2023/02/latest-state-tax-trends-and-state-tax-cuts-include-responsible-state-income-tax-relief-in-2023-300x225.jpg)
Blog
Can States Afford Their Recent Tax Cuts?
With state tax revenues receding from all-time highs, there’s been a great deal of handwringing about whether states can afford the tax cuts adopted over the past few years. Given that 27 states reduced the rate of a major tax between 2021 and 2023, is there reason for concern?
4 min read
![Illinois Tax Data Explorer (4) Illinois Tax Data Explorer (4)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/03/Nexus24-300x232.png)
Economic Nexus Treatment by State, 2024
Reforming economic nexus thresholds would not only be better for businesses but for states as well. It is more cost-effective for states to focus on—and simplify—compliance for a reasonable number of sellers than to impose rules that have low compliance and are costly to administer.
4 min read
![Illinois Tax Data Explorer (5) Illinois Tax Data Explorer (5)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/03/Chicago-300x200.jpeg)
Blog
A Chicago “Mansion Tax” Would Hurt Small Businesses, Customers, Employees, and Renters
The “Bring Chicago Home” ballot measure would make Chicago’s tax structure substantially less neutral by raising taxes on some property transfers while decreasing taxes on others.
7 min read
![Illinois Tax Data Explorer (6) Illinois Tax Data Explorer (6)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/03/Illinois-capitol-3-300x200.jpeg)
Blog
Evaluating the Proposed Tax Changes in Illinois Governor’s FY 2025 Budget
In his FY 2025 budget, Illinois Gov. Pritzker outlined a number of proposed tax changes, including to individual and corporate income taxes, state sales taxes, and sports betting excise taxes.
7 min read
![Illinois Tax Data Explorer (7) Illinois Tax Data Explorer (7)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/03/image-1-300x250.png)
Tangible Personal Property De Minimis Exemptions by State, 2024
Does your state have a small business exemption for machinery and equipment?
3 min read
![Illinois Tax Data Explorer (8) Illinois Tax Data Explorer (8)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2024/02/PITtopRates24-300x250.png)
State Individual Income Tax Rates and Brackets, 2024
Individual income taxes are a major source of state government revenue, accounting for more than a third of state tax collections. How do income taxes compare in your state?
8 min read
![Illinois Tax Data Explorer (9) Illinois Tax Data Explorer (9)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2022/11/state-flat-tax-trend-and-state-flat-income-taxes-2024-300x250.png)
Blog
The State Flat Tax Revolution: Where Things Stand Today
In 2021 and 2022 alone, more states enacted laws converting graduated-rate individual income tax structures into single-rate income tax structures than did so in the whole 108-year history of state income taxation up until that point.
10 min read
![Illinois Tax Data Explorer (10) Illinois Tax Data Explorer (10)](https://i0.wp.com/taxfoundation.org/wp-content/uploads/2023/06/TaxEDU-Short-Form-300x208.jpg)
Blog
Short Form
How Are Remote and Hybrid Workers Taxed?
Working from home is great. The tax complications? Not so much.
4 min read