Income Tax

The Case for Creating a Graduated Income Tax in Illinois

Released 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.

The Case for Fundamental Tax Reform in Illinois: Why We Need a Graduated State Income Tax

Released May 23, 2012

Presentation on why Illinois needs tax reform, and the case for a graduated income tax.

Initial Analysis of Recent Tax Increases and Spending Caps Implemented Under P.A. 96-1496

Released January 26, 2011

This is a presentation of CTBA's analysis of The Taxpayer Accountability and Budget Stabilization Act (P.A. 96-1496), which temporarily increased the income tax rates in Illinois and implement spending caps of the General Fund budget.

Issue Brief: The Taxpayer Accountability and Budget Stabilization Act (P.A. 96-1496)

Released February 9, 2011

This Issue Brief provides an overview of the Taxpayer Accountability and Budget Stabilization Act (P.A. 96-1496), which took effect in fiscal year 2011. 

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