CHICAGO–The President of Illinois’ largest taxpayer organization today issued a warning to Illinois Taxpayers that they are frighteningly close to being socked with a 67% increase in their state income tax, and a hike in the state corporate income tax from 7.3% to 7.5%. Additionally, new state sales taxes between 7%-10% will be created on 39 services.
“Gov. Patrick Quinn (D) has proposed a 33% increase in the state personal income tax, but an even worse state income tax increase is alive and well, and could be passed in this lame-duck session of the General Assembly,” said Jim Tobin, President of National Taxpayers United of Illinois (NTUI).