Use our tax hike calculator to find out how much the $5 billion tax hike will cost you.
FIND OUT HOW MUCH THE TAX HIKES WILL COST YOU
Illinois lawmakers are currently working to round up the votes needed to pass $5 billion in tax hikes.
The current proposal increases the personal income tax rate to 4.95 percent from the current 3.75 percent rate. The corporate income tax rate rises to 7 percent from the current 5.25 percent rate.
The proposal also expands the sales tax to laundry and dry-cleaning services, as well as storage and other services to bringing in an estimated $300 million.
Illinoisans will also pay an estimated $54 million in new cable and satellite TV taxes.
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