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Tuesday, December 3, 2024

Tax Revenue Analysis: Illinois collects $6.9 billion in sales and gross receipt tax during Q4 2023

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David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

Illinois collected $6.9 billion in sales and gross receipt taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Illinois's combined tax revenues reached $14.6 billion during the year, as of fourth quarter of 2023.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.


David Harris Director | Official Website

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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q4 2023 Illinois Tax Collections

Type of TaxAmount (millions)
License Taxes$809
Sales and Gross Receipts Taxes$6,866
Property Taxes$19
Income Taxes$6,645
Other Taxes$211

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