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Selective sales and gross receipts taxes revenue in Illinois increased 5% in 2024 compared to previous year
Out of the $66.9 billion in total tax revenue collected by Illinois in 2024, $11.6 billion came from selective sales and gross receipts taxes, representing an increase from the previous year, when the total was $11.1 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).
Out of the $66.9 billion in total tax revenue collected by Illinois in 2024, $11.6 billion came from selective sales and gross receipts taxes, representing an increase from the previous year, when the total was $11.1 billion, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).
The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.
The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.
According to the U.S. Census Bureau, state and local governments collect a wide range...