Illinois charges a 6.25% sales tax for sales within the state. There are many exceptions to sales tax in Illinois, some of the most common exceptions are movie tickets, food purchased at grocery stores, food sold in a student cafeteria, newspapers, some Internet sales, and sales by nonprofit organizations.
The Ohio General Assembly established the CAT in 2005 as part of a series of tax reforms in the FY 06-07 budget (Am. Sub. HB 66). HB 66 phased-in the CAT and simultaneously phased-out the state corporate franchise tax and local tangible personal property tax for most businesses.
Also, the CAT applies to all types of businesses, including retailers, service providers, manufacturers and other types of businesses. There is a $1,000,000 per year deduction before CAT tax is due. However, businesses with $150,000 to $1,000,000 in gross receipts are expected to file and pay the minimum tax ($150). The rate is .26% and returns are generally filed quarterly.