By Christopher Lutz ( June 13, 2018, 4:45 PM EDT) -- As we have discussed previously, Illinois localities have adopted a variety of unique taxes, such as the Chicago personal property lease transaction tax, the amusement tax and dozens more. But, like many other states, Illinois localities may also impose a local option tax which is imposed in addition to the state retailers' occupation tax, or ROT. Unlike many other states, however, Illinois localities use a unique sourcing methodology. Whereas sales of tangible personal property to Illinois are subject to a destination-based sourcing method under the Illinois Use Tax Act, the local ROT is an origin-based tax. Exactly where a sale originates, however, has been a source of much debate....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.