Teri Grahn, CMI
Tax Policy Planning in Construction and Real Estate: Advice from Redpath’s CRE Lead
With a new administration in place, the next few years may bring significant policy considerations for construction and real estate businesses. As...
Editor's note: This piece was originally published in 2020 and has been updated to reference new changes in Illinois state law.
Illinois has passed bill SB 3362, amending the Leveling the Playing Field for Illinois Retail Act and now requiring remote sellers to collect sales and use taxes based on destination rates.
Under the existing law, enacted on January 1, 2021, remote sellers with some sort of physical presence in the state were only required to collect tax at 6.25% and were not required to collect any applicable local taxes.
Effective January 1, 2025, remote sellers, with some sort of physical presence, will need to collect state and local sales tax based on the sales destination rate. In-state retailers will still collect sales tax based on the rate that the sale originated from.
If you have any questions, contact Teri Grahn at 651-407-5889 or tgrahn@rrmbaojie.com.
Navigating Multi-State Sales Tax: A Strategic Approach
Teri Grahn, CMI: February 19, 2025
Many businesses discover their sales tax obligations only after receiving an audit notice. As director of state and local tax services at Redpath, I...
Tariffs and M&A Strategy: What Business Owners Need to Know
Joe Hellman, CPA: February 12, 2025
As leader of Redpath's Advisory Services practice, I speak regularly with business owners evaluating how potential trade policies could affect their...