Under Illinois legislation enacted in 2019, remote retailers and marketplace facilitators that meet certain thresholds must register to collect and remit state and local retailers’ occupation tax (ROT) for sales of tangible personal property beginning Jan. 1, 2021.1 The Illinois Department of Revenue recently adopted extensive regulations and released administrative guidance to implement these new registration and collection requirements.2 In addition, the city of Chicago issued guidance on Jan. 21, 2021, that analyzes nexus in light of South Dakota v. Wayfair, Inc.,3 along with a safe harbor that the city will use for its amusement tax and personal property lease transaction tax.4
Source: grantthornton.com
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