Illinois Updates Destination Sourcing Rules
Effective January 1, 2025, retailers who have a place of business in Illinois and sell personal property from a location outside Illinois will be required to collect state and local taxes at the location where the property is shipped or delivered. Previously, retailers that maintained a business in Illinois and shipped orders from outside the state were able to collect only the local tax from where the Illinois place of business was located.
Illinois businesses should update their tax systems to accurately calculate and collect sales tax based on the destination principle. This will help ensure compliance with the state’s new tax regulations.
Please note that this is only an overview. For specific guidance, connect with our sales and use tax team here.
Illinois S.B. 3362, August 9. 2024