WBGZ Radio 1/20/2021 |
By Cole Lauterbach - Illinois Radio Network
Burning through those online gift cards will go incrementally faster in 2021 depending on how high local sales taxes are in your local Illinois municipality.
That’s because of a 2019 law that took effect with the new year.
In reaction to the U.S. Supreme Court’s Wayfair v. South Dakota lawsuit, Illinois lawmakers sent Gov. J.B. Pritzker legislation that would require many online retailers, including Amazon and others, to collect state and local sales tax from online purchases. Online retailers have collected a use tax at the same rate as sales tax before the new year but the new law means where you live could add cost to the purchase.