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News – Thursday, January 2, 2025
FY 2025-17, Reporting Requirements for Certain Titled or Registered Property Subject to Tax on Lease or Rental Receipts
Effective January 1, 2025, if you lease or rent tangible personal property in the ordinary course of your business you are considered a retailer subject to Illinois’ Sales and Use Tax laws.
For more information, see FY 2025-17, Reporting Requirements for Certain Titled or Registered Property Subject to Tax on Lease or Rental Receipts.