Illinois Department of Revenue Archives

Sales-tax revenues takes hit in many cities, counties

— May 25, 2020

A “perfect storm” of issues has sucked $2.7 billion out of Illinois’ coffers, according to a state finance expert. Jim Muschinske, revenue manager for the state’s Commission…

Forecast: State should see modest revenue growth in FY 2021
— March 10, 2020

SPRINGFIELD — State revenue officials said March 5 that tax collections have been coming in about as expected so far this fiscal year, and they predict modest revenue growth in the…
Local governments want in on tax revenue from online sales
— April 1, 2019

SPRINGFIELD — A U.S. Supreme Court decision last year allows states to collect sales taxes from online retailers, even if they don’t have a physical presence in the state. Now,…

Tax amnesty program nets more than $60 million more than expected
— February 8, 2020

SPRINGFIELD — A tax amnesty program created during the passage of last year’s state operating budget has brought in nearly $240 million — approximately $60 million more than was…
Illinois ends taxes on feminine hygiene products
— August 29, 2016

Illinois is now the third state in the nation this year, following New York and Connecticut, to announce it will stop taxing feminine hygiene products. Last week, Gov. Bruce Rauner…

Tag: Illinois Department of Revenue

Sales-tax revenues takes hit in many cities, counties

Forecast: State should see modest revenue growth in FY 2021

Local governments want in on tax revenue from online sales

Tax amnesty program nets more than $60 million more than expected

Illinois ends taxes on feminine hygiene products

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