The SALT Report 1199 – Illinois has revised a publication that provides information regarding sales tax exemptions, such as the collection and remittance of the new E911 surcharge.
Prepaid Wireless E911 Surcharge:
- Retailers who sell prepaid wireless services are required to collect and remit the Prepaid Wireless E911 Surcharge.
- During the first year of collection, retailers may deduct and keep a discount of 5% of all E911 surcharges that are collected from consumers and timely filed and remitted with the department.
- Retailers must complete Schedule B on Form ST-1, the Sales and Use Tax and E911 Surcharge Return
- Chicago retailers must charge 7% on each retail transaction of prepaid wireless telecommunications service and non-Chicago retailers must charge 1.5% for each retail transaction.