Illinois Sales Tax Holiday Begins August 5, 2022, through August 14, 2022

calendar-icon

By Alisha Vincent - August 04, 2022

Beginning August 5 through August 14, 2022, there will be a sales tax holiday. A sales tax holiday is where for a 10-day period consumers can purchase certain clothing and school supply related items at a reduced rate. The states portion of sales tax due throughout the holiday is reduced by 5% from 6.25% to 1.25%. Items include qualifying clothing, footwear with a retailer selling price less than $125 per item. School supplies are not subject to the $125 threshold.

Some of the qualifying items for the reduced sales tax rates includes binders, book bags, calculators, crayons, colored pencils, and scissors. Some specifically excluded items include reference books, computer cases, computer cables, printers, and briefcases. A full list of qualifying and excluded items can be found in information bulletin FY 2022-24.

If you have any questions, please feel free to contact Kelly Switt, Bill Sebastiano, Rachel VonDrasek, Ashley Trabaris, Alisha Vincent or Marie Straka at 847-956-1040.

SALT Meeting

SERVICE SPOTLIGHT

State & Local Tax Services

No matter the state or jurisdiction that your business resides, state and local taxes always seem to be in transition. Porte Brown’s tax experts can help your business remain compliant with state tax laws and regulations, develop innovative tax planning strategies regardless of where your company conducts business or the number of states your company may reside, perform nexus reviews, and highlight potential areas of sales...

Learn More
Comments

Stay up-to-date with the latest Porte Brown news and service updates, upcoming events and industry happenings, reminders of upcoming filing deadlines, updates on emerging technologies, and more!