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Cook County Updating Home Rule Tax Code to Improve Service, Increase Efficiency

Friday, May 13, 2016
Lawndale News

Cook County Updating Home Rule Tax Code to Improve Service, Increase Efficiency

Posted byon May 12, 2016inBusiness|Comments Offon Cook County Updating Home Rule Tax Code to Improve Service, Increase Efficiency

Lawndale News Chicago's Bilingual Newspaper - Business

A package of Home Rule Tax Ordinance reforms aimed at providing individuals and businesses with a simplified process while improving the efficiency of the Cook County Department of Revenue (CCDOR) were approved by the Cook County Board of Commissioners on Wednesday. Supported by Cook County Board President Toni Preckwinkle, these ordinance amendments clarify existing law, promote fair and equitable enforcement, strengthen compliance efforts and increase convenience for taxpayers. The proposed amendment changes will not result in any increased tax rates. The last comprehensive review of Cook County’s Home Rule Tax ordinances took place in 2011. The periodic review of ordinances assures they reflect best industry practices, reflect current law and allow for maximized enforcement efforts. Notable proposed changes to Home Rule Tax Ordinances include:

Lawndale News Chicago's Bilingual Newspaper - Business

  • Tax return and payment due dates will be the 20th of the month, consistent with current practice.
  • Motor vehicle dealers will no longer have to file annual information returns when monthly returns are already submitted.
  • Tobacco dealers will be permitted to redeem confiscated other tobacco products and consumable products if applicable taxes have been paid.
  • Valet parking operators will be required to remit parking tax but can take a credit for any tax paid by a lot Operator pursuant to a contract between the valet operator and lot operator or proof of such tax being paid.

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