Revenue Policy

Special Report: Flawed Tax Policy is the Primary Driver of Illinois' Recurring General Fund Deficits

Release: June 3, 2013

The Taxpayer Accountability and Budget Stabilization Act of 2011 temporarily increased the personal and corporate income tax rates, providing the state with much needed revenue. This Special Report examines the impact of those tax increases on the state's General Fund budget deficits for fiscal years 2011-2013.

FY2013, 96th General Assembly, General Fund, Taxpayer Accountability and Budget Stabilization Act, Deficit, Income Tax

House Bill 174, 96th General Assembly

Release: 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.

96th General Assembly, Sales Tax, Personal Income Tax, EITC, Property Tax, Education Funding, State Budget

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