Illinois Reduces Sales Tax Rate on Certain Medical Devices used for Cancer Treatment

Wednesday, August 24th, 2016

 
 
Medical device in a hospital
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Effective August 18, 2016, Illinois reduced the rate of sales and use tax on "Class III" medical devices prescribed to a patient to treat cancer.

The federal Food and Drug Administration (FDA) divides medical devices into three classes based on the risk associated with using the device. The FDA identifies devices as "Class III" when it believes they carry the highest risks.

The new law reduces the rate of sales and use tax to 1% for Class III devices prescribed to treat cancer. The reduced rate also covers all accessories and parts for those devices.

http://www.ilga.gov/legislation/publicacts/99/PDF/099-0858.pdf


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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.

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