Quantcast

Kankakee Times

Friday, November 22, 2024

Residents and visitors to Illinois paid $39.9 billion in taxes in 2018

Adobestock 223399507

Adobe Stock

Adobe Stock

Illinois collected $39.9 billion in taxes in 2018, a 4.9 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($18.7 billion) and income taxes ($17.9 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Illinois Tax Collections
Type of TaxAmount
Property taxes$59,589,000
Sales and gross receipts taxes$18,699,777,000
License taxes$2,751,479,000
Income taxes$17,883,834,000
Other taxes$462,390,000
General sales and gross receipts taxes$11,336,866,000
Selective sales and gross receipts taxes$7,362,911,000
Alcoholic beverages sales tax$296,162,000
Amusements sales tax$888,260,000
Insurance premiums sales tax$456,406,000
Motor fuels sales tax$1,367,939,000
Pari-mutuels sales tax$6,387,000
Public utilities sales tax$1,439,894,000
Tobacco products sales tax$764,296,000
Other selective sales and gross receipts taxes$2,143,567,000
Alcoholic beverages license$18,160,000
Amusements license$15,918,000
Corporations in general license$342,729,000
Hunting and fishing license$39,534,000
Motor vehicle license$1,618,750,000
Motor vehicle operators license$116,118,000
Public utilities license$15,016,000
Occupation and business license, nec$552,696,000
Other license taxes$32,558,000
Individual income taxes$15,296,693,000
Corporations net income taxes$2,587,141,000
Death and gift taxes$382,081,000
Documentary and stock transfer taxes$80,309,000
Severance taxes$0
Taxes, nec$0

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS