Cook County collects no county-level business income tax. Illinois imposes a 7% corporate income tax plus the 2.5% Personal Property Replacement Tax (PPRT) distributed to local governments. Cook County levies industry-specific taxes on parking, hotels, alcohol, and tobacco under Ch. 74.
Illinois eliminated the personal property tax on businesses in 1979 and replaced it with the Personal Property Replacement Tax (35 ILCS 5/201(c)-(d)): 2.5% on C-corp income and 1.5% on partnerships and S-corps, distributed to counties, schools, and local taxing bodies. The state corporate income tax adds 7% under 35 ILCS 5/201. Cook County's own business levies (Ch. 74) cover non-income items: parking, hotel, amusement, alcoholic beverage, gasoline, tobacco, firearm/ammunition, and gambling machines. The county property tax system uses different assessment percentages by class: 10% residential, 25% commercial/industrial, with Class 6b/7/8 incentives reducing assessment for rehabilitation projects.
Failure to file or pay state PPRT or Cook County industry-specific taxes triggers Department of Revenue audit, late penalties of 10-30%, plus interest at 1% monthly under 35 ILCS 735.
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Skokie, IL
Aircraft overflight noise in Skokie is regulated by the FAA, not the Village. Skokie lies within the O'Hare International Airport noise corridor, and residen...
Skokie, IL
Skokie restricts lawn equipment use — including gas and electric leaf blowers — to 8:00 AM to 8:00 PM Monday through Saturday and 9:00 AM to 6:00 PM on Sunda...
Skokie, IL
Skokie enforces a village-wide overnight parking ban from 2:00 AM to 6:00 AM on all public streets. Residents and guests must obtain an overnight parking per...
Skokie, IL
Skokie Village Code Chapter 98 prohibits parking recreational vehicles, boats, trailers, and campers on residential streets or in front yards. RVs and boats ...
Skokie, IL
Skokie prohibits parking of commercial vehicles over 8,000 pounds gross weight on residential streets and driveways overnight. Box trucks, semi-tractors, and...
Skokie, IL
Skokie limits residential fences to 4 feet in front yards and 6 feet in side and rear yards. Corner lots have additional sight-line restrictions at intersect...
Side-by-side rule comparisons with other cities in Cook County.
See how Skokie's business tax classification rules stack up against other locations.
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