FY 2025-15, Illinois Sales and Use Tax Applies to Leased or Rented Tangible Personal Property

Effective January 1, 2025, if you lease or rent tangible personal property in the ordinary course of your business, you are considered a retailer subject to Illinois' Sales and Use Tax laws, and you must register with the Illinois Department of Revenue (IDOR) and pay tax on your lease or rental receipts. See P.A. 103-592.

For more information, see FY 2025-15, Illinois Sales and Use Tax Applies to Leased or Rented Tangible Personal Property.