This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form With Decimals In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
11% of receipts or charges for all leases, including the non-possessory lease of a computer to input, modify, or retrieve data supplied by the customer. As of 1-1-2021: 9% of receipts or charges for all leases, including the non-possessory lease of a computer to input, modify, or retrieve data supplied by the customer.
The Personal Property Lease Transaction Tax applies to businesses or individuals that either are a lessor or lessee of personal property used in Chicago.
Charity Gaming Taxes. Excise & Utilities Taxes. Income and Replacement Taxes. Motor Fuel Taxes. Other Taxes. Withholding Income Tax. Property Taxes. Sales and Use Taxes.
These taxes resulted when the new Illinois Constitution directed the legislature to abolish business personal property taxes and replace the revenue lost by local government units and school districts.
Chicago sales tax details The minimum combined 2025 sales tax rate for Chicago, Illinois is 10.25%. This is the total of state, county, and city sales tax rates. The Illinois sales tax rate is currently 6.25%. The Chicago sales tax rate is 1.25%.
The property tax rates for the city of Chicago vary depending on location but average around 6.697% for a single-family home. Your property tax bill will likely be between $2,500 and $6,388, but could be higher or lower depending on where in the city you reside.
If you have customers using your software or services within Chicago, you may need to start collecting and remitting the tax. If you determine that your product or service is subject to the PPLTT, you are responsible for collecting the 9% tax from your Chicago-based customers.
The average residential electricity rate in Chicago, IL is 16 ¢/kWh, which is 4% higher than the average electricity rate in Illinois of 15.28 ¢/kWh. The average residential electricity rate in Chicago, IL is 13% lower than the national average rate of 18 ¢/kWh.
11% of receipts or charges for all leases, including the non-possessory lease of a computer to input, modify, or retrieve data supplied by the customer. As of 1-1-2021: 9% of receipts or charges for all leases, including the non-possessory lease of a computer to input, modify, or retrieve data supplied by the customer.
