CHICAGO As students across Illinois return to the classroom, Governor Pritzker and the Illinois Department of Revenue (IDOR) ...

Sports betting is legal in 38 states and Washington, D.C., but the exact amount of tax revenue varies significantly.

In a 12-month period, Illinois moved from charging a 15% flat tax on sports betting operators to implementing a sliding tax ...

In the current structure, DraftKings and FanDuel are the only two companies paying the 40% tax rate. Fanatics was the only ...

Personal income tax revenue was 10% higher than in FY24, but corporate income taxes declined by 9.5%. Some other revenue sources also saw minimal growth.

Increase in local sales taxes At least 50 cities and villages in Illinois are set to have a local sales tax increase on July 1st, 2025. The rate change will range from .25% to an additional 2% ...

Tax increment financing districts divert public property tax dollars with little oversight, letting cities keep special ...

Illinois Politics Illinois lawmakers pass $55.2B state budget with new taxes on sports bets, nicotine products The spending plan raises over $1 billion in revenue.

On Monday, the Arlington Heights village board approved imposing a new 5% tax on streaming services, and opted to continue a ...