Illinois is a major economic powerhouse anchored by Chicago, offering world-class infrastructure, diverse industries, and a deep talent pool. The regulatory environment is more complex than many states, but the market access is unmatched in the Midwest.
Minimum wage $14.00/hr (higher in Chicago). Paid leave for all workers. Biometric Information Privacy Act (BIPA) compliance.
7% corporate rate plus 2.5% replacement tax (9.5% effective). 6.25% sales tax plus local.
IEPA handles environmental permits. Chicago has additional environmental regulations.
Cannabis licensing. Financial services regulation. BIPA for biometric data. Chicago has additional city-level requirements.
Our compliance checker highlights which IL regulations may apply to your business.
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