State-wide Fixed Rates (Non-location-driven)

• corporations – 4.8 percent of net income
• trusts and estates – 3 percent of net income

3 percent of net income

Personal Property Replacement Tax

• 2.5 percent of net income

• 1.5 percent of net income

3 percent of net income is required to be withheld from:

• employee compensation based on the number of allowances claimed by the employee,
  
  
• Illinois lottery winnings each time a single payment is over $1,000 for both Illinois residents and nonresidents, and
  
  
• other gambling winnings paid to an Illinois resident

if the winnings are subject to federal income tax withholding requirements.