Illinois tax collections climbed year-over-year in the first quarter of fiscal year 2026 (FY26), according to a report published by the Commission on Government Forecasting and Accountability (CGFA).

Personal income tax, sales tax, and death tax receipts drove the year-over-year growth.

• Personal income tax receipts were up $258 million (3.7%)
• Sales tax receipts were up $181 million (6.3%)
• Death tax receipts were up $66 million (45.5%)

Dragging down overall tax receipts, corporate income tax collections decreased by $270 million (18.9%) year-over-year.

Total state tax receipts were up $171 million (1.4%), and other state revenue sources were up $235 million (55.8%), bumping total state receipts up by $406 million year-over-year (3.2%).

Federal funds also jumped year-over-year, rising by $125 million (13.7%). Total federal and state revenue sources climbed $531 million (3.9%).

The state’s fiscal year runs from July to June, with the first quarter spanning from July 1 to September 30.