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Friday, November 15, 2024

Residents and visitors to Illinois paid $62.6 billion in taxes in 2022

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Illinois collected $62.6 billion in taxes in 2022, a 12.7 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from income taxes ($32.3 billion) and sales and gross receipts taxes ($25.9 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2022 Illinois Tax Collections
Type of TaxAmount
Property taxes$68,795,000
Sales and gross receipts taxes$25,865,408,000
License taxes$3,546,164,000
Income taxes$32,327,125,000
Miscellaneous taxes$763,686,000
General sales and gross receipts taxes$15,289,031,000
Selective sales and gross receipts taxes$10,576,377,000
Alcoholic beverages sales tax$320,000,000
Amusements sales tax$1,258,697,000
Insurance premiums sales tax$491,053,000
Motor fuels sales tax$2,527,365,000
Pari-mutuels sales tax$7,668,000
Public utilities sales tax$1,257,528,000
Tobacco products sales tax$841,366,000
Other selective sales and gross receipts taxes$3,872,700,000
Alcoholic beverages license$20,395,000
Amusements license$28,868,000
Corporations in general license$342,853,000
Hunting and fishing license$43,522,000
Motor vehicle license$2,268,984,000
Motor vehicle operators license$191,480,000
Public utilities license$23,302,000
Occupation and business license, NEC$604,295,000
Other license taxes$22,465,000
Individual income taxes$22,697,437,000
Corporations net income taxes$9,629,688,000
Death and gift taxes$641,815,000
Documentarty and stock transfer taxes$121,871,000
Severance taxes$0
Taxes, NEC$0

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