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Coles County Sales Tax Receipts For the sales made during: January 2003 Through December 2003
Source: Illinois Department of Revenue Report of Sales Tax Receipts by Standard Industrial Classification Explanation of tax types Taxes collected for state government's use ST - State Sales tax This amount is the 5% share of the 6.5% statewide sales tax rate ( equivalent to 80% of the tax collections) on taxable sales of general merchandise collected from registered retailers and servicepersons. Taxes collected for municipal government's use MT - Municipal tax This amount is the 1% municipal share of the 6.25% statewide rate on general merchandise (equivalent to 16% of tax collections) and 100% of the tax collections of the 1% rate on qualifying food, drugs, and medical appliances for taxable sales made within the corporate limits of the municipality. This amount is returned to the municipality where the sale was made. Taxes collected for county government's use CT - County tax This amount is the 1% county share of the statewide rate of 6.25% on general merchandise (equivalent to 16% of tax collections) and 100% of the tax collections of the 1% rate on qualifying food, drugs , and medical appliances for taxable sales made at businesses located within the unincorporated area of the county. This amount is returned to the county where the sale was made. CST - Countywide sales tax This amount is the .25% county share of the statewide rate of 6.25% on general merchandise (equivalent to 4% of the tax collections) for taxable sales made at businesses located within the county (both incorporated and unincorporated) areas and is returned to the county.
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