T41 - Corporation net income taxes - Illinois (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$281,377
1994
Q2 1994
$532,591
1994
Q3 1994
$279,680
1994
Q4 1994
$229,280
1995
Q1 1995
$357,650
1995
Q2 1995
$614,760
1995
Q3 1995
$306,094
1995
Q4 1995
$250,934
1996
Q1 1996
$391,428
1996
Q2 1996
$672,820
1996
Q3 1996
$340,579
1996
Q4 1996
$279,205
1997
Q1 1997
$435,527
1997
Q2 1997
$748,621
1997
Q3 1997
$370,340
1997
Q4 1997
$303,603
1998
Q1 1998
$473,585
1998
Q2 1998
$814,038
1998
Q3 1998
$370,340
1998
Q4 1998
$303,603
1999
Q1 1999
$473,585
1999
Q2 1999
$814,038
1999
Q3 1999
$476,261
1999
Q4 1999
$457,064
2000
Q1 2000
$792,893
2000
Q2 2000
$828,315
2000
Q3 2000
$433,323
2000
Q4 2000
$412,970
2001
Q1 2001
$583,639
2001
Q2 2001
$786,706
2001
Q3 2001
$274,660
2001
Q4 2001
$313,983
2002
Q1 2002
$362,374
2002
Q2 2002
$432,374
2002
Q3 2002
$261,916
2002
Q4 2002
$246,964
2003
Q1 2003
$362,344
2003
Q2 2003
$421,964
2003
Q3 2003
$222,017
2003
Q4 2003
$395,572
2004
Q1 2004
$431,059
2004
Q2 2004
$470,507
2004
Q3 2004
$324,041
2004
Q4 2004
$354,688
2005
Q1 2005
$557,161
2005
Q2 2005
$735,924
2005
Q3 2005
$438,193
2005
Q4 2005
$468,903
2006
Q1 2006
$591,623
2006
Q2 2006
$901,551
2006
Q3 2006
$556,344
2006
Q4 2006
$516,272
2007
Q1 2007
$704,820
2007
Q2 2007
$1,158,924
2007
Q3 2007
$537,828
2007
Q4 2007
$562,274
2008
Q1 2008
$790,459
2008
Q2 2008
$1,225,043
2008
Q3 2008
$519,552
2008
Q4 2008
$439,074
2009
Q1 2009
$642,923
2009
Q2 2009
$1,403,105
2009
Q3 2009
$459,494
2009
Q4 2009
$527,011
2010
Q1 2010
$729,180
2010
Q2 2010
$971,001
2010
Q3 2010
$507,167
2010
Q4 2010
$977,855
2011
Q1 2011
$765,832
2011
Q2 2011
$1,406,361
2011
Q3 2011
$575,523
Code: T41 Corporation Net Income Taxes
Definition: Taxes on corporations and unincorporated businesses (when taxed separately from individual income), measured by net income, whether on corporations in general or on specific kinds of corporations, such as financial institutions.
Excludes: Income taxes on gross income or receipts of corporations (report at Sales and Gross Receipts Taxes, codes T09 - T19) and combined corporation and individual income taxes not separable by type in older, historical data (report at Individual Income Taxes, code T40).
Examples: State governments - Michigan's VAT tax (Single Business Tax) is classified here.
Special Consideration: Although such taxes may be called "license" or "franchise taxes," they are classified here if measured by net income.
Category: Income Taxes
Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions).
Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year.
Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type.
About this application: This application presents data from the US Census Quarterly Summary of State and Local Government Tax Revenue. The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This quarterly survey has been conducted continuously since 1962. The information contained in this survey is the most current information available on a nationwide basis for government tax collections.
