(Chicago Tribune) — Illinoisans can often dodge sales taxes by shopping online, but the state of Illinois is hoping to collect on those taxes next year by offering a sales tax amnesty. A new law allows people who didn’t pay sales tax on items bought online, through the mail or over the phone between June […]
(AP) — Illinois’ first-ever sales tax holiday is in the books, but it may be weeks before there’s any calculation of how much consumers saved at the expense of state coffers. The Illinois Department of Revenue had estimated the state stood to lose as much as $60 million in sales-tax revenue from the 13-day tax […]
(Chicago Breaking News) — It’s another dubious honor for Chicago. Just as Illinois touts its first sales-tax holiday, a new report highlights Chicago as having among the highest retail sales tax rates of the nation’s largest cities. At 9.75 percent once county, mass transit and city taxes are added to the statewide 6.25 percent sales tax, […]
(Crain’s) — Gov. Pat Quinn on Wednesday signed a law to exempt certain purchases in August from state sales tax — an effort, he says, to provide some economic relief to Illinois families. The legislation — Senate Bill 3658 — marks the first time the state has instituted a sales tax holiday. It will take […]
(Chicago Tribune) — In an economy that’s still struggling, clothing store manager Bob Geish is optimistic that even a small rollback of Cook County’s sales tax will be good for business. The county’s sales tax drops a half a percentage point Thursday to 1.25 percent. Geish, manager of Red 21 in Burr Ridge, is hopeful […]