Tax and Budget

Released January 1, 2003

An overview of Public Act 93-30, which decoupled Illinois from the federal estate tax.

Released June 7, 2006

CTBA’s analysis of the 2006 proposed sale or lease of the State of Illinois Lottery to generate revenue for funding K-12 education.

Released October 10, 2006

An overview fiscal systems in general and the of the Illinois' fiscal system.

Released February 9, 2006

A list of annual losses in Illinois' state revenue from corporate tax expenditures for FY2001-FY2004.

Released October 10, 2006

An overview of House Bill 4908 of the 92nd General Assembly, which would have limited the Net Operating Loss Deduction for businesses.

Released October 10, 2006

An overview of Public Act 93-0552, the Corporate Accountability in Tax Expenditures Act.

Released January 31, 2007

An overview and chart of revenue options for Illinois.

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.

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