Skip to content

Illinois Tax Revenues up in August

Illinois Tax Revenues up in August

September 9, 2025

After starting off slow in July, FY 26 revenues rose in August

Illinois tax revenues climbed in August following a lackluster July, according to a report from the Commission on Government Forecasting and Accountability (CGFA).

Personal income tax receipts were up $66 million year-over-year in August (3.7%), sales tax receipts climbed $46 million year-over-year (4.8%), and estate tax receipts were up $12 million year-over-year (23.5%).

Corporate income tax receipts continued to lag, down $30 million year-over-year (-29.4%). The state also experienced year-over-year declines in insurance taxes and fees (-$11 million) and interest on state funds and investments (-$55 million).

The state took in $22 million in August from its new sports wagering tax and transferred $205 million from its Income Tax Refund Fund to the General Revenue Fund. Altogether, total state fund transfers increased state receipts by $189 million year-over-year in August.

Accounting for all state tax receipts and transfers, total state receipts rose $212 million year-over-year (6.3%).

Chart from CGFA
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

Clothes on a rack at a Retail store
Related
July 27, 2026
Shop Small During New Mexico’s Back-to-School Tax-Free Holiday
Certain back-to-school items will be exempt from sales tax from Friday, July 31-Sunday, August 2
Read More
Related
July 27, 2026
NFIB’s Jared Weiser in New Op-ed: “Main Street is Still the Heartbeat of Ohio’s Economy”
Weiser’s recently wrote on America’s 250th birthday and the importance of small businesses.
Read More
Related
July 27, 2026
Illinois State Director Participates in Quad Cities Roundtable
Participants discussed hospitality and small business issues in Illinois
Read More
Cashier ringing up sales
Related
July 27, 2026
Northern Illinois Sales Taxes Increase August 1
The higher taxes in Northern Illinois are to fund the Chicago-area public-transit system
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility