The Illinois Office of Comptroller sends out income tax refunds after receiving the payment information from the Illinois Department of Revenue. The Illinois dept of revenue will begin accepting 2021 state individual income tax returns on Monday, January 24th, in parallel with the Internal Revenue Service.
After filing your state income tax with the Illinois Department of Revenue, you can check the status of refund process at the 'Where's My Refund' application available on MyTax Illinois.
Once your return is processed at Illinois Department of Revenue, the information is sent to the Illinois Office of Comptroller. You can check the status of your tax refund payment at Find My Refund. We appreciate your patience during this process.
The State began the fiscal year on July 1, 2020 with a General Funds bill backlog of $5.4 billion. At the end of the fiscal year (June 30, 2021), it was $3.2 billion, reflecting a 41% drop since the start of the fiscal year and without using federal stimulus funds.
Illinois' fiscally responsible efforts to pay its obligations, lower the bill backlog and pay down short-term borrowing helped result in the State's first credit rating upgrade since June 2000.
Of the $2 billion borrowed in the fiscal year to address revenue losses caused by the coronavirus pandemic, half was repaid ahead of schedule, with the goal of early repayment to save taxpayers in interest costs.
At the end of the day December 31, the oldest General Funds voucher at the Illinois Office of Comptroller was 14 business days in arrears. The chart below shows where this compares to the end of the calendar year and the end of the fiscal year since fiscal year 2018, starting with 191 days at the end of October 2017, about a week before the State received more than $6 billion in General Obligation bond proceeds to help pay down the record $16.7 billion General Funds bill backlog, and including its high point of 210 days at the end of November 2017.
This chart puts a spotlight on the progress made since the 2015-2017 budget impasse in paying the state's bills, and highlights the importance of fully appropriated and responsible State budgets.
*This payment cycle does not apply to interfund transfers, which make up $2.3 billion, or 61%, of the IOC payables as of December 31, 2021.
MARKING A YEAR OF COVID-19
Jun 2 . 2 min read
LARGEST NUMBER OF LOANS IN ILLINOIS WENT TO TRUCKING COMPANIES
Jun 2 . 4 min read
$14M UTILIZED AS OF SPRING 2021
Jun 1 . 2 min read