Income Tax

The Case for Creating a Graduated Income Tax in Illinois

Release: February 1, 2012

Creating a graduated rate structure for the Illinois individual income tax is one  long-term, structural policy change that would simultaneously stimulate job growth in the state, tax people more fairly and reduce Illinois’ General Fund deficits.This Report explains why a graduated rate structure is needed in Illinois, and how it would impact taxpayers and the state's budget.

Taxing Retirement Income

Release: 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.

Facing Reality: Illinois Must Raise Revenue to Balance Its Budget

Release: July 2, 2009

This Issue Brief explains why increased revenue is needed to address Illinois' budget deficits.

Revenue Options for Illinois

Release: July 16, 2007

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

Illinois Revenue Initiatives & Enhancements

Release: January 31, 2007

An overview and chart of revenue options for Illinois.