HB5392

Illinois HB5392 amends tax laws to redefine marketplace facilitator responsibilities and tax liabilities for sales made through online platforms.

HB5392 modifies the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act in Illinois. It redefines the responsibilities of marketplace facilitators, who are entities facilitating sales of tangible personal property or services through online platforms. If a marketplace facilitator's gross receipts from sales in Illinois exceed $100,000 or they facilitate 200 or more transactions in a year, they must collect and remit taxes on these sales.