Sales Tax Illinois 2025. Illinois is imposing sales and use tax 9 on leases in effect, entered into, or renewed on or after jan. Pritzker on june 7, 2024 signed the fy 2025 revenue omnibus legislation, house bill 4951 (hb 4951), which modifies the state's income, franchise.


Sales Tax Illinois 2025

In the closing days of the spring legislative session, the illinois general assembly passed sweeping changes related to the sales tax on leases of tangible personal property (tpp). On net, these changes—mostly tax increases—would increase state tax.

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