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Illinois Personal Income Tax Laws


Explanation of Chart and More Information on Personal Income Tax Laws

Code Section35 ILCS 5/201, et seq.
Who is Required to FileIndividuals, estates, and trusts; Partnerships are not taxable
Rate3% of taxable net income imposed on all taxpayers; An additional personal property replacement tax of 1.5% of net income is imposed on partnerships, trusts, and S corporations.
Federal Income Tax DeductibleNo
Federal Income Used as BasisYes

Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.

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