Illinois might revive back-to-school sales tax holiday

By Dylan Sharkey
04/09/2025
Illinois lawmakers are looking at a bill that would cut sales taxes during back-to-school shopping. Illinois hasn’t had a sales tax holiday in years. The bill would lower the state sales tax from 6.25% to 1.25% on clothes and school supplies for six days in August 2025.

TAGS: sales tax

Illinois retailers taxed $186M by capping sales tax credit

By Patrick Andriesen
05/30/2024
A cap on the retailers’ sales tax credit will effectively hikes taxes on Illinois retailers by $186 million. Retailers are already facing razor-thin margins, but the record $53.1 billion state budget required $1.1 billion in new taxes.

TAGS: sales tax