Reports

Good for Business: How Illinois Can Best Support Small Business

Release: 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.

The Millionaire Migration Myth: Why a Fair, Graduated Rate Income Tax Won’t Drive Away Millionaires

Release: 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.   

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.

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.

2006 State Individual Income Taxes

Release: December 17, 2007

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

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