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Old 03-19-2020, 07:36 AM
ColonelJLloyd ColonelJLloyd is offline
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Join Date: Dec 2012
Location: Louisville
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Quote:
Originally Posted by oliver1850 View Post
IL has what is called "use tax", which is assessed on anything we purchase, at the same rate as sales tax. You are required to pay it no matter where the item comes from, and whether the item is new or used. This tax has been in place for years to discourage residents from buying out of state, but was hard to enforce and often not collected. Not sure how many other states have a similar tax.
Correct. The individual annual income tax form for states with use tax have a line for self reporting of tax on items purchased over the internet, mail order, or out of state. On most forms you cannot leave this blank. I'd suspect an incredibly high percentage of these returns show a goose egg on this line.
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