The Trouble With Cook County's New Tax Law

Law360, New York (March 26, 2013, 3:44 PM EDT) -- Effective April 1, 2013, Cook County, Ill., will impose a tax on the use in the county of nontitled tangible personal property that was purchased outside the county. The tax will be imposed at a rate of 1.25 percent of the property’s value when first subject to use in the county. The tax is imposed on the purchaser or user of the property. Sellers are not required to collect and remit the tax on behalf of purchasers. Evidence that the purchaser resides in the county or...
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