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Tax Rate Database

Income Tax Rates

Tax Types
Tax Rates
Business Income Tax For tax years beginning on or after January 1, 2015
  • corporations – 5.25 percent of net income
  • trusts and estates – 3.75 percent of net income
Individual Income Tax For tax years beginning on or after January 1, 2015
  • 3.75 percent of net income
Prior year rates
Personal Property Replacement Tax Corporations – (other than S corporations)
  • 2.5 percent of net income
Partnerships, trusts, and S corporations
  • 1.5 percent of net income
Withholding (payroll) 3.75 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.