• Print
  • Email
  • Share

Economic Perspectives, Vol. 10, No. January/February, 1986
Updates: Public Utility Taxation in Illinois
In the summer of 1985, the Illinois legislature passed a bill that will partially convert the state public utility tax from a gross receipts to a usage basis beginning in January 1986. The new law was passed in response to increasing public opposition to the current state utility tax. Many critics charged that the tax was too high and too regressive. There was also concern over the large automatic increase in tax revenue which necessarily accompanied the rising utility prices of the 1970s and 1980.


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2018. All rights reserved.

Please review our Privacy Policy | Legal Notices