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Beginning July 1, Illinois began suspending its 1% grocery tax for the next year to help residents keep more money in their pockets as prices continue to rise nationwide. Illinois is only one of 13...
The tax collected about $350 million from Illinois grocery shoppers and redistributed the money back to communities. Places like Rockford get as much as $8 million a year from the state's grocery ...
Several suburban mayors gathered Monday to protest a proposal to eliminate the 1% sales tax on groceries in Illinois, saying it would force reduced services or higher alternative taxes. The mayors ...
The Illinois Department of Revenue (IDOR) is the code department [1] [2] of the Illinois state government that collects state taxes, operates the state lottery, oversees the state's casino industry, oversees the state's thoroughbred and harness horse racing industries, and regulates the distribution of alcoholic beverages throughout Illinois, including beer, wine, and liquor. [3]
There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town). Sales tax on liquor was repealed in a 2010 referendum vote.
The Streamlined Sales Tax Project (SSTP), first organized in March 2000, is intended to simplify and modernize sales and use tax collection and administration in the United States. It arose in response to efforts by Congress to permanently prohibit states from collecting sales tax on online commerce.
Working on the holiday weekend, the Illinois Senate approved of a $53.1 billion budget late Sunday night. Here's what you need to know. Grocery tax eliminated under $53.1 billion budget approved ...
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.
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