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Illinois Budget Introduces Changes to Income, Sales, and Excise Taxes

  • The Illinois budget includes indirect tax changes such as revisions to economic nexus and marketplace facilitator rules, expanded property cost price tax election, and new or increased excise tax levies.

  • These changes will impact remote sellers, marketplace facilitators, purchasers, and industries subject to excise taxes, with sales tax changes effective January 2026 and excise tax changes from July 2025.

Source: PwC

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