SPRINGFIELD (HOI) — Gov. JB Pritzker is extending the state income tax return deadline to July 15.
That matches the extension given by the federal government.
Originally, residents and businesses had to have their returns filed by April 15. Pritzker, along with President Trump, say they are recognizing the current COVID-19 pandemic is creating hardships, which is why they are allowing the extension.
Illinois State Comptroller Susana Mendoza issued the following statement regarding today’s announcement that Illinois will extend the deadline for state income tax filing:
“While extending the state’s tax filing deadline to July 15, 2020, creates some needed relief for taxpayers, it also results in a significant delay in revenue for the state in the short term. Traditionally, April is the state’s best revenue month. The receipts that come in from Illinois taxpayers in April allow us to address bills from low-revenue-producing months such as February. In addition to the short-term revenue delay, given the COVID-19 crisis and necessary emergency response, we, like the rest of the country, can anticipate a future loss in revenue from lower payroll and sales tax receipts this fiscal year. It is too early to measure the financial impact. Postponing the state tax filing deadline will be a challenge to the state and our office’s cash-management duties, but it is a responsibility we are prepared to meet. Over the last three years, the Illinois Office of Comptroller has proven itself to be well-experienced in managing fiscal crises, and we are prepared for the demanding times ahead."