Updated July 24, 2015
Tax In Chicago Illinois
The City of Chicago imposes various taxes on business entities. A short list of the most relevant follows:
- Airport departure (8500)
- Amusement (7510)
- Cigarette (7506)
- Employer’s expense (7540)
- Foreign fire insurance (7505)
- Fountain soft drink (7590)
- Ground transportation (7595)
- Emergency telephone system surcharge – wireless (2906)
- Emergency telephone system surcharge – net based (2908)
- Hotel accommodations (7520
- Liquor (7573
- Motor vehicle lessor (7575
- Natural gas occupation (7571
- Parking lot/garage (7530
- Real property transfer (7551
- Tire Fee (BA94)
- Gas use (7574)
- Electricity use (7578)
- Telecommunications (7501)
- Transaction / lease (755)
- Use (non-titled property 8402, 8403)
- Bottled Water Tax (1904)
- Vehicle fuel (7577)
- Electricity infrastructure maintenance fee (7576)
If you are having problems with your Tax In Chicago Illinois or have issues with your accounting in general, we would love to help. I enjoy hearing from my readers, and can be contacted at
Chris@AccountingSolutionsltd.com
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals