Revenue Policy

Released March 6, 2007

A Fact Sheet on the Gross Receipts Tax, which in general is a broad-based, low rate tax imposed on all income received by a business without any deductions for costs of doing business.

Released April 4, 2007

Answers to frequently asked questions about Illinois' fiscal system

Released April 17, 2007

Written supplement to oral testimony provided to the House Revenue Committee during its April 2007 subject matter hearing on tax fairness.

Released November 29, 2007

This Issue Brief provides an overview of who pays property taxes in Illinois, the steps in the property tax cycle, and what property tax revenue is used for.

Released July 16, 2007

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

Released January 23, 2008

This Issue Brief explains how Illinois' tax system is unfair, and how it can be improved.

Released July 2, 2009

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

Released September 30, 2010

This Issue Brief analyzes various 2010 tax proposals.

Released October 29, 2010

This Report is a thorough analysis of the Illinois’s long-term spending patterns, budget problems and tax policy.

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.

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