Home > Illinois Tax Revenue - T41 - Corporation net income taxes - Q3 2011

Tax Type State Variables Year Quarter

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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.

Source: U.S. Census Bureau

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.