Cook County Board Approves 3% Tax On Recreational Marijuana; Highest Rate In Chicago To Exceed 40% In Chicago By SummerThe new tax will go into effect on July 1, when the state’s recreational marijuana law allows local governments to begin collecting taxes on legal pot sales.
New Year, New Tax: Illinois To Start Collecting Sales Tax On Vehicle Trade-Ins Worth More Than $10,000“January is usually a slow month for auto sales, but this January is going to be particularly tough,” said David Sloan, president of the Chicago Automobile Trade Association.
Supreme Court Rules In Internet Sales Tax Case: States Can Charge Online ShoppersThe 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under two decades-old Supreme Court decisions that affected online sales tax collection.
Kicking Off Business Right: Take Care Of Your Sales Tax Responsibilities ImmediatelyOne of the final steps before you're ready to open the doors to your small business is ensuring you're set up to pay sales tax.
Illinois Lawmakers Consider Ending Tax On Feminine Hygiene ProductsSen. Melinda Bush (D-Grayslake) said tampons and other feminine hygiene products are not a luxury but a necessity.
City Council To Consider Making Tampons Exempt From Sales Tax The Chicago City Council will debate whether to add tampons to the list of items not subject to local sales tax, reports WBBM's Nancy Harty.
Cook County Businesses Fear Sales Tax Hike Would Send Customers AwayCook County Board President Toni Preckwinkle’s proposal to increase the county sales tax – five years after she won office by denouncing an identical tax hike imposed by her predecessor – has some business owners on the county’s outskirts worried they’ll lose customers.
Report: Preckwinkle Pitching Sales Tax IncreaseThe Cook County Board president campaigned in 2010 in opposition to a one cent tax increase adopted in 2008. After winning, she moved to roll back the tax, eliminating it in 2013.
State Senator Sandoval Calls For Lowering Tax Rate On DiapersA state senator from Chicago says he wants to give families a break and lower the tax rate on diapers.
Amazon To Open First Illinois Facility, Hire 1,000The company made the announcement about the $75 million project on Tuesday. The jobs figure would be reached by 2017.
Gov. Quinn, Rauner Trade Barbs Over Budget PlansThe budget debate between Democrat Governor Pat Quinn and Republican rival Bruce Rauner now includes accusations of "flim-flamming" and "flip-flopping, reports WBBM Political Editor Craig Dellimore.
Illinois Supreme Court Strikes Down 'Amazon Tax'The Illinois Supreme Court is invalidating a two-year-old Illinois law charging taxes on certain Internet sales.
Mayor: No Property, Sales, Or Gas Tax Hike Next YearMayor Rahm Emanuel said the city will not raise property, sales, or gasoline taxes to balance next year’s budget, but he was mum about which – if any – taxes might go up.
County Approves Gun, Gambling, Cigarette Tax Hikes; Lower Sales TaxThe cost of smoking, buying guns, and playing the slots in Cook County will be going up next year, but the county is also getting rid of the final portion of the hated 2008 sales tax hike.
Business Owner Wants McPier Tax Reduced, Spread To Whole CityA group of Lincoln Park business owners is calling on state lawmakers to take a second look at a controversial 30-year old city tax levied on thousands of restaurants in and near downtown.