Illinois lawmakers have passed a $55.2 billion budget for the new fiscal year, including increased taxes on tobacco products and sports betting.

A controversial program that provides health insurance to more than 30,000 noncitizens between ages 42 and 64 will be cut.

Illinois lawmakers passed a $55 billion budget with tax hikes on smoking and gambling, but left proposals on transit and a ...

Democratic members of the General Assembly had only seven minutes to spare before a key constitutional deadline to pass a ...

Giving almost no time for public review, Illinois Democrats pushed through a $55.2 billion budget for next fiscal year late ...

Starting January 1, 2026, Illinois will eliminate the 1% grocery sales ... s got a chart.” On Wednesday night, DeKalb County Board members began considering a county-wide 1% grocery tax.

This summary is reviewed by TRD Staff. Two Illinois counties, Lake and DuPage, have filed federal lawsuits against the state arguing that the delinquent property tax sale process forces them to ...

As recent research by the Illinois Economic Policy Institute, Civic Federation, Chicago Metropolitan Agency for Planning and Center for Tax & Budget Accountability details, modernizing our sales ...

(Read the report below.) “The sales tax is falling short,” the study reads. “Illinois needs a more strategic and sustainable fiscal structure that delivers consistent and reliable revenue ...

Businesses must calculate their tax liability using a single-sales factor formula, meaning only revenue sourced from Illinois is considered for taxation. While C corporations pay the full ...

Illinois will sell $725 million of junior obligation tax-exempt sales tax revenue bonds in a competitive deal pricing on Tuesday. The state will issue $276 million of Series 2025A bonds ...