Illinois State Taxes

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State Unemployment Insurance State Personal Income Tax
Sales Tax State Corporate Income Tax


State Unemployment Insurance
Contribution Rate Determinations for 2002:
Maximum and minimum unemployment tax rates are 7.2% and 0.8% respectively, and the taxable wage base will be $12,000.
Source: IDES, 2008


Sales Tax
Illinois Sales Tax Rates Current as of July 1, 2008
County General Merchandise rate Foods/Drugs/medical appliances rate Vehicle rate
Peoria 0.0675 0.01 0.0625
Tazewell 0.0675 0.01 0.0625
Woodford 0.0725 0.01 0.0625
City of Peoria .0825 or .0925
 0.01 0.0625

Source: Illinois Department of Revenue, 2009.

State Personal Income Tax
State Personal Income Tax in the state of Illinois is 5%.
Source:  Federation of Tax Administrators, 2011.

State Corporate Income Tax

Illinois Corporate Income Tax is 7.0%.

Personal Property Replacment Tax 2.5%
Source: Federation of Tax Administrators, 2011.