Contractor Work Project With Gst Rate In Chicago
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What is required to obtain a general contractor license? A completed City of Chicago general contractor license application. A statement of financial solvency (in the format that is part of the application) Proof that the applicant is authorized to do business in Illinois (not required for sole proprietors)
A City of Chicago general contractor license is required to perform most types of building construction, alteration, repair, and demolition work within the City of Chicago.
Illinois does not tax sales of service. Illinois does impose service occupation tax on items of tangible personal property transferred as an incident to sales of service.
Some customers are exempt from paying sales tax under Illinois law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Professional services are not taxable in the state of Illinois unless it results in a product that is sold. How are professional services corporations taxed?
Illinois does not tax sales of service. Illinois does impose service occupation tax on items of tangible personal property transferred as an incident to sales of service. See 86 Ill.
