Taxes

Corporate Income Tax
4.8% of net income (statewide)

Source: Illinois Department of Revenue
http://tax.illinois.gov/Publications/Sales/SalesTaxRates/FixedRatesIncome.htm

Personal Income
3% of net income (statewide)

Source: Illinois Department of Revenue
http://tax.illinois.gov/Publications/Sales/SalesTaxRates/FixedRatesIncome.htm

Workers’ Compensation-
Cost for a typical manufacturing job in Illinois is $3.65 per $100 of payroll.

Source: U.S. Bureau of Labor Statistics


Machinery & Equipment
•    Exempt if used over 50% of the time
•    Applies to heavy manufacturing machinery only
•    Does not apply to small equipment such as hand tools, supplies, coolants, adhesives, etc.

Personal Property Tax
2.5% of net income

Inventory
None in the state of Illinois

Sales
6.75%

Source: Illinois Department of Revenue
https://www.revenue.state.il.us/app/trii/servlet/TRIInquiry/3123400541217353264016?jobid=09614