For more detailed information including Illinois law references, please see the Illinois Department of Revenue web site.
Illinois Sales Tax is imposed on a seller’s receipts from sales of tangible personal property for use or consumption. Tangible personal property does not include real estate, stocks, bonds, or other “paper” assets representing an interest.
Sales tax is a combination of “occupation” taxes that are imposed on sellers’ receipts and “use” taxes that are imposed on amounts paid by purchasers. Sellers owe the occupation tax; they reimburse themselves for this liability by collecting use tax from the buyers.
Sales tax is the combination of all state, local, mass transit, water commission, home rule occupation and use, non-home rule occupation and use, park district, and county public safety taxes.
Sales and Use Tax
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