What units of local government receive a portion of the state’s 6.25 percent sales tax rate and 100 percent of the sales tax rate on food, drugs, and medical appliances?
Answer #213 -- ( Published 08/12/2005 02:45 PM | Updated 08/08/2012 10:01 AM )
What units of local government receive a portion of the state’s 6.25 percent sales tax rate and 100 percent of the sales tax rate on food, drugs, and medical appliances?
- Municipalities receive 16 percent of the total general merchandise collections that occur within their corporate boundaries and 100 percent of the amount from sales of qualifying food, drugs, and medical appliances.
- Counties receive the equivalent of 16 percent of the total general merchandise collections and 100 percent of the tax collected on qualifying food, drugs, and medical appliances sold within their unincorporated areas.
- All counties but Cook county receive the equivalent of 4 percent of the total general merchandise collections on general merchandise sold anywhere in the county. Cook County’s share is disbursed to the Regional Transportation Authority (RTA).
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