Illinois DOR Adopts Retailers’ Occupation Tax Rules

The Illinois Department of Revenue (DOR) Nov. 15 adopted the retailers’ occupation tax rules. The regulations implement: 1) the statutory exemption providing that sales of building materials incorporated into real estate in a qualified facility for which a certificate of exemption has been issued by the Department of Commerce and Economic Opportunity (DCEO) are exempt from state or local use and occupation taxes; and 2) the statutory exemption providing that sales of building materials incorporated into a Reimagining Energy and Vehicles (REV) project for which DCEO has issued a certificate of exemption are exempt from state or local use and ...