This action was undertaken as a result of recent events surrounding the determination of the local sales tax rate in Illinois. There has been much written in the press regarding the determination of the local tax rates. Several lawsuits have also been filed against taxpayers and consultants that have established planning structures to change the sourcing of local rate determinations of sales and purchases of property to be used in Cook County.
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Cook County will impose a 1.25% use tax for the privilege of using certain non-titled tangible personal property in the county for a business. The use tax is imposed on individuals and businesses that use property in a business within the boundaries of Cook County (less a credit for $3,500). The tax applies to all non-titled tangible personal property purchased outside of Cook County and subsequently brought into and used in Cook County. The tax is imposed on the property’s value when first subject to use in the county. Property registered or titled with the state (e.g., boats, automobiles, etc.) is excluded. Typical purchases brought into the county that would be subject to the new tax include computer hardware, furniture, office equipment and supplies. Canned computer software, which the state defines as tangible personal property, would also be subject to this new tax.
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