Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Tax revenue from Illinois adult-use cannabis sales surpassed $10 million in January, according to a Chicago Tribune report. Illinois collects sales tax, as well as an additional cannabis tax, on adult-use sales, and January sales brought in more than $3.1 million in Continue reading Illinois – Tax Revenue from Illinois Adult-Use Cannabis Sales Surpassed $10 Million in January

Illinois – Proposed Legislation Would Add 10 Percent Tax On Many Gun Sales

An Illinois lawmaker is proposing an additional 10 percent sales tax on what she calls “assault weapons” but an advocate says her novel definition of the term would mean nearly all firearms would be hit with the tax. A firearm Continue reading Illinois – Proposed Legislation Would Add 10 Percent Tax On Many Gun Sales

IllINOIS – Cities Want In On Tax Revenue From Online Sales

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

Illinois – State Began Enforcing Sales Tax ENexus October 1, 2018

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

Illinois – Sales Tax Rate Changes July 1, 2018

Effective July 1, 2018, certain taxing jurisdictions have imposed a local sales tax or changed their local  sales tax rate on general merchandise sales. The following taxes are affected: business district sales tax county school facilities tax home rule sales tax non-home Continue reading Illinois – Sales Tax Rate Changes July 1, 2018

Illinois – Sales Tax Rate Changes

Salt Report 3673 – The Illinois Department of Revenue has released an online sales tax rate change summary which lists all rate changes effective July 1, 2015. The attached sheet supersedes the Informational Bulletin FY 2015-14, which was posted on Continue reading Illinois – Sales Tax Rate Changes

Illinois – April 2015 Tax Filing Deadline Extended To October 2015 Due To April 9, 2015 Tornado Event

Salt Report 3620 – The Illinois Department of Revenue issued a press release announcing that tax filing deadlines due in April 2015 would be extended to October 31, 2015 for businesses and individuals impacted by the April 9, 2015 tornado event. Continue reading Illinois – April 2015 Tax Filing Deadline Extended To October 2015 Due To April 9, 2015 Tornado Event