- Illinois requires online marketplaces to collect sales tax for sellers.
- Platforms like Amazon collect and remit sales tax for Illinois buyers.
- The law applies to marketplaces with $100,000 in sales or 200 transactions.
- Marketplaces must assess thresholds quarterly.
- Effective date was January 1, 2020.
- Amazon, eBay, Etsy, and Walmart adopted the law on January 1, 2020.
- As of January 1, 2021, certain sales are excluded from tax threshold calculations.
- Excluded sales include sales for resale and registered tangible personal property.
- Marketplace facilitators are defined as platforms listing and processing sales.
Source: taxjar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
