2015 Illinois Tax Rate Changes

• Illinois Personal Income Tax rate is increased from 3% to 5% between January 1, 2011 and December 31, 2014. The rate will revert to 3.75% (originally proposed at 4%) from January 1, 2015 to December 31, 2024.
• Corporate Income Tax Rate is increased from the current 7.3% rate to 9.5% starting January 1, 2011 through December 31, 2014. It then drops to 7.75% between January 1, 2015 and December 31, 2024.

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