Tag Archives: tax bracket

The modern Illinois Constitution, adopted in 1970, sets forth a non-gradual structure where every individual pays the same base tax rate of 4.95 percent. This current rate of 4.95 percent was adopted by the General Assembly in 2017 and implemented beginning in 2018, up from the previous 3.75 percent. While different rate structures cannot beContinue reading “Income Taxation in Illinois”