Groceries, prescription medications, and medical equipment are among the products exempt from sales tax in Illinois. Sales tax is also not applied to items of clothing and footwear priced under $100. Additionally, certain agriculturally related commodities like farm equipment and animal feed are excluded from Illinois’ sales tax. What is Chargeable with Illinois Sales Tax?
The majority of tangible personal property is taxable in Illinois. Electronics, furniture, and appliances are included in this. Sales tax is also charged on a few services, such as some transportation services and repair and installation services. What Goods are Subject to Illinois Taxation?
Other things are taxable in Illinois in addition to tangible personal property and some services. Prepared foods, alcoholic beverages, and tobacco items fall under this category. Additionally, the Illinois sales tax applies to the cost of entry to entertainment events like concerts and sporting events.
Boxes, tape, and bubble wrap are examples of packaging supplies that are not exempt from Illinois sales tax. However, the sale is regarded as exempt from Illinois sales tax if the packaging materials are used to move tangible personal property outside of the state.
In conclusion, both consumers and companies can save money by being aware of the Illinois sales tax exemptions. There are some things that are free from sales tax, such as groceries and medical equipment, even though the majority of tangible personal property and some services are subject to it. Additionally, unless they are utilized for out-of-state shipping, packaging supplies are not exempt from sales tax. To ensure adherence to Illinois sales tax regulations, it is crucial to speak with a tax expert.