![]() Note: This combined rate is also preprinted on your ST-556 return below Line 4. To figure the correct tax due, add 1.25% (.0125) to your rate (preprinted in Section 6 on Line 4), and multiply the combined rate by the amount subject to tax on Line 3. Actual tax rates throughout the state vary because, in addition to state taxes, the several local taxing bodies that follow the state tax structure have imposed other taxes that are administered by the state:Ĭhicago Home Rule Use Tax: If you sell an item from a location in Cook, DuPage, Kane, Lake, McHenry, or Will County and your customer’s address on Form ST-556, Section 1, is within the corporate limits of the city of Chicago, your customer owes an additional 1.25% home rule use (sales) tax. The statewide sales tax rate is 6.25% collected by the Illinois Department of Revenue with 1.25% being returned to local governments where the goods were purchased.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |