State and local tax news brought to you by Zaldivar and Associates
Shopping online would get more expensive for Illinois residents under a new measure passed by the state’s General Assembly that changes the way online sales are taxed. The changes would require online marketplaces, like Etsy and eBay, to collect state Continue reading Illinois – Residents Can Expect To Pay Higher Taxes When Shopping Amazon And Etsy Next Year. Here’s Why.
The city of Chicago has become a pioneer in collecting tax revenue from digital entertainment like streaming videos and gaming. The “Netflix tax,” as it is called, is a 9 percent sales levy on streaming entertainment that has already brought Continue reading Illinois – Chicago Collects $2 Million ‘Netflix Tax” To Bolster City Coffers, Other Cities And States Could Follow
Four years ago, Chicago imposed a 9% tax on streaming entertainment services, leading to a flurry of lawsuits. Now, the city has collected $2 million in sales tax from Sony and two online ticketing services, making it the first major Continue reading Illinois – Chicago Becomes 1st City To Collect ‘Netflix Tax’
A U.S. Supreme Court ruling that allows states to collect taxes from online retailers is providing some additional revenue for communities as more shoppers avoid brick and mortar retails for many purchases. However, some groups are working to get online Continue reading Illinois – Communities See Portion Of Online Use Tax Returns
A U.S. Supreme Court decision last year allows states to collect sales taxes from online retailers, even if they don’t have a physical presence in the state. Now, Illinois cities and counties want in on that action, too. “We just Continue reading IllINOIS – Cities Want In On Tax Revenue From Online Sales
SPRINGFIELD — A U.S. Supreme Court decision last year allows states to collect sales taxes from online retailers, even if they don’t have a physical presence in the state. Now, Illinois cities and counties want in on that action, too. Continue reading Illinois – State Local Governments Want In On Tax Revenue From Online Sales
ENexus Thresholds As Of February 21, 2019 Ref No. State Enforcement Date Dollars of Sales Number of Sales ENexus Threshold 1 TN 1/1/2017 $500,000 0 500/0 2 RI 8/1/2017 $100,000 200 100/200 3 MA 10/1/2017 $500,000 100 500/100 4 OH Continue reading ENexus Thresholds February 21, 2019
REMOTE SELLERS – WAYFAIR DECISION Remote sellers are retailers that make sales from locations outside Illinois. If those retailers have sufficient contact, or “nexus,” with Illinois, they are required to register to collect and remit tax on their sales to Continue reading Illinois – State Began Enforcing Sales Tax ENexus October 1, 2018