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Chicago Illinois Form 8848: What You Should Know
Sales & Use Tax Forms — Illinois.gov Sales & Use Tax Forms Other Tax News The tax on cannabis has gone up this year. From July 1 2, recreational and medical taxes for cannabis went up from 100 to 60 per ounce (or 28 grams in excess of 1 ounce). From July 1 2, recreational taxes increased from 15 to 30 per ounce. From July 1 2, medical taxes increased from 10 to 15 per ounce. From July 1 2, excise taxes on cannabis increased. From July 1 2, Income Tax On Certain Marijuana Products will be increased to: (1) Taxable Income: 15.00 – 40.00 per ounce Taxable Income is not taxed to residents. Non-residents may not claim deductions for this tax liability in the state where it is claimed. Other Tax News from Illinois — July 2016 I have just found this article: Liquor Tax Rates & Rules: A Summary for the Chicago Metropolitan Area. Read it here. I was at an event and the CMA was talking about this year's liquor tax rates & taxes. The article had a table of liquor tax rates for the region as well to go along with that state of affairs. This is the summary (with link) from the article: · Beer Tax Rate: 17.00 per barrel, 6% of beer price · Wine Tax Rate: 14.00 per gallon, 8.5% of wine price · Distilled Spirits Tax Rate: 20 per gallon. 8.5% of spirits price · Grain: Grain tax rate: 20.00/stew, 25.00/ton, or 30.00/ton, depending on weight · Beverage Products: Alcoholic beverage tax rate: 21.00 per gallon. Liquor: Sales Tax Rate (per) Beer: 17.00 · Wine: 14.00 · Distilled Spirits: 20.00 · Wine by the Gallon: 30.00 · Distilled Spirits by the Gallon: 30.00 · Grain Wine by the Gallon: 10.00 · Grain Wine by the Gallon: 10.00 · Wine by the Gallon: 20.00 · Beer by the Gallon: 21.00 · Wine by the Gallon: 22.00 · Distilled Spirits by the Gallon: 24.
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