Effective July 1, 2017:

• Corporations – 7 percent of net income
• Trusts and estates – 4.95 percent of net income

Effective July 1, 2017:

• 4.95 percent of net income

Corporations – (other than S corporations)

• 2.5 percent of net income

Partnerships, trusts, and S corporations

• 1.5 percent of net income

Effective July 1, 2017, 4.95 percent of net income is required to be withheld from:

• employee compensation based on the number of allowances claimed by the employee,
• Illinois lottery winnings each time a single payment is over $1,000 for both Illinois residents and nonresidents, and
• other gambling winnings paid to an Illinois resident

if the winnings are subject to federal income tax withholding requirements.