New Illinois Tax Developments

Jul 30, 2019

Included in a flurry of late legislative session activity, Illinois just enacted a new sales tax law to expand the manufacturing machinery and equipment exemption to include production-related, tangible personal property purchased on or after
July 1, 2019.

Effective July 1, 2019, manufacturers will no longer have to pay sales tax on most of the tangible personal property, supplies, and consumable goods purchased for direct or indirect use in the manufacturing process.