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Multistate Tax Alert: Cook County (Illinois) Enacts Use Tax on Non-Titled Tangible Personal Property


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Overview

On November 9, 2012, the Cook County Board of Commissioners passed the Cook County Budget for fiscal year 2013.1 The newly enacted budget contains an ordinance2 providing that Cook County will impose a tax upon the privilege of using non-titled tangible personal property in the County (which was purchased outside of the County) at the rate of 1.25% of the property’s value when first subject to use in the County.3

Cook County Non-Titled Tangible Personal Property Use Tax Ordinance Background

On October 18, 2012, a proposed Cook County Use Tax on Non‐Titled Personal Property Ordinance (the “ordinance”) was introduced as part of the 2013 Cook County Budget package. Following a number of hearings conducted by the Cook County Board of Commissioners and a public comment period, the Budget (and the ordinance) was passed on November 9, 2012. Although the Budget goes into effect December 1, 2012, the ordinance and tax itself becomes effective April 1, 2013.4

Please download the attached Alert to read a summary of the provisions of the Budget relating to the tax on the use of non-titled tangible personal property. The alert also addresses potential challenges that the ordinance may create. To receive these alerts and stay connected, please sign up for our weekly newsletter State Tax Matters.


1 Cook County, Illinois, is one of the most populous counties in the United States (5.2 million people per the 2011 U.S. Census) with its county seat in Chicago. There are over 130 incorporated municipalities in Cook County, the largest being Chicago. (United States Census Bureau, http://quickfacts.census.gov/qfd/states/17/17031.html)
2 Article XIX Non-Titled Personal Property Use Tax, Chapter 74 Taxation, Sec. 74-650 through Sec. 74-662 Cook County Code.
3 Cook County Code Sec. 74-652.
4 Enactment clause to Cook County Use of Non-Titled Personal Property Tax Ordinance.

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