Taxation of Paper and Ink in Illinois

Friday, March 9th, 2012

 
 
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Illinois
General
The Illinois Department of Revenue recently issued guidance regarding the sale of newsprint and ink to those engaged in the business of graphic arts production in Illinois (Ill. Gen. Info. Ltr. No. ST 12-0010-GIL (Dept. of Revenue Feb. 29, 2012)). Newsprint and ink purchased by those in the business of graphic arts production will eventually be resold to their customers as part of the service they provide. Therefore, these retailers may purchase these items tax-free under the resale exemption. Additionally, there is a specific newsprint and ink exemption available to publishing companies who purchase paper and ink for use in printing newspapers or magazines. Publishers must provide suppliers with a certification that the newsprint and ink will be physically incorporated into newspapers and magazines in order to qualify for the exemption.

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Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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