==his clients, including some now in Illinois, increasingly are looking at places such as Texas==
Was Jack on vacation last week? Someplace without a TV or internet access?
==capping deductions of corporate losses at $100,000 a year for three years==
If it’s just for the next three years, wouldn’t businesses just apply any NOL above that limit over those three years to year four? Isn’t that like borrowing net operating loss deductions from future years?
Support for individuals in need and. small pass thru business owners “socialism.” Support for big companies “capitalism.” Got it
=what businesses really want is stability=
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.
Online sales taxes now higher in Illinois
Cole Lauterbach The Center Square
Jan. 18, 2021
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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.
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.
Shopping online? Illinois law change will cost you more in taxes
Cole Lauterbach, The Center Square
Jan. 19, 2021
FacebookTwitterEmail
Ricardo Sandoval places packages in the right shipping boxes at an Amazon.com fulfillment center.Ross D. Franklin | AP
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.