Quantcast

Prairie State Wire

Wednesday, October 22, 2025

Illinois reports $895 million in license tax revenue in Q1

Webp adobestock 290960059

Adobe Stock

Adobe Stock

Illinois collected $895 million in license taxes during the first quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Illinois collected $12.9 billion in combined tax revenues during the first quarter of 2021.

Q1 Illinois Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$895
Income Taxes$6,406
Other Taxes$204
Property Taxes$15
Sales and Gross Receipts Taxes$5,334

Source: U.S. Census Bureau

MORE NEWS