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What are the personal property replacement tax rates?

Answer #244 -- ( Published 08/23/2005 11:05 AM | Updated 07/12/2017 10:41 AM )

What are the personal property replacement tax rates?

Corporations pay a 2.5 percent tax on their net Illinois income.

Partnerships, trusts, and S corporations pay a 1.5 percent tax on their net Illinois income.

Public utilities pay a 0.8 percent tax on invested capital.

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