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FOOD and BEVERAGE TAX RETURN CITY of ALTON, ILLINO Form
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People also ask
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How do I calculate sales tax in Illinois?
In Illinois, you would calculate the sales tax on a product by applying the combined state and local sales tax rate to the sale price of the item. For instance, if you are selling a product for $100 in a location where the combined sales tax rate is 8%, you would charge your customer $108.
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What is the current IL sales tax?
The Illinois (IL) state sales tax rate is currently 6.25%.
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How much is sales tax on a $20,000 car in Illinois?
Vehicle selling price under $15,000 tax based on model year (see chart below). *Selling PriceTax $15,000 to 19,999 $750 $20,000 to 24,999 $1000 $25,000 to 29,999 $1250 $30,000 and over $1500
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Which county in Illinois has the lowest taxes?
Lake County has the highest median property taxes paid at $8,609, ing to 2022 data from the Tax Foundation, while Pulaski County near the Kentucky border has the lowest at $694.
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What is the food and beverage tax in Illinois?
Illinois' general state retailers' occupation and use tax rates are: 6.25 percent on general merchandise, including items required to be titled or registered by an agency of Illinois state government; and. 1 percent on qualifying foods, drugs, and medical appliances.
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How much is fast food tax in Illinois?
The Illinois grocery tax exemption will also not apply to meals consumed in a restaurant, takeout meals, or other food prepared for immediate consumption. These foods are taxed at or above the general 6.25% rate today and will be taxed at or above the 6.25% rate on and after January 1, 2026.
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What is the food tax in Illinois Cook County?
The general merchandise sales tax rate for Cook and Lake County is 10% and 8% respectively. The sales tax rate on qualifying food and drugs is 2.25% in Cook County and 1.75% in Lake County. The village receives one % of the state's base sales tax rate and an additional one % for Home Rule sales tax.
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What is the sales tax in Alton IL?
Alton sales tax details The minimum combined 2024 sales tax rate for Alton, Illinois is 7.85%. This is the total of state, county, and city sales tax rates. The Illinois sales tax rate is currently 6.25%. The Alton sales tax rate is 1.0%.
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