![]() ![]() Tennessee's income tax was scheduled to be reduced to 1.00% in 2020 and to be repealed entirely in 2021. The flat income tax rates ranged from 2.00% in Tennessee to 5.25% in North Carolina. In Illinois, income was taxed at a flat rate of 4.95%. Of these 43 states, 11 states, including Illinois, had a flat income tax rate, meaning there is a constant rate across income before deductions and exemptions. How would Illinois have compared to other states? See also: Comparison of state income tax structuresĪs of 2019, 43 states levied a tax on personal income. ![]() You can view the proposed tax brackets and rates here. SB 687 would have changed the state's income tax from a flat rate to six graduated rates beginning on January 1, 2021. Pritzker (D) signed SB 687, which would have enacted a graduated income tax if voters approved the ballot measure. Instead, the ballot measure would have allowed the state to enact legislation for a graduated income tax. The ballot measure would have repealed the state's constitutional requirement that the state's personal income tax is a flat rate across income. Overview What would the ballot measure have changed about the state income tax? Illinois Allow for Graduated Income Tax Amendment (2020) 9.3 Comparison of state income tax structures. ![]()
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