Estimate: Illinois to Lose $212M In Online Taxes
SPRINGFIELD, IL - The state of Illinois has released a new estimate saying it will lose $212 million in unpaid sales taxes from online purchases during 2013.
The Illinois Department of Revenue released the new estimate, which is up from 2012's $183 million estimate. The State Journal-Register in Springfield reports that including the 2013 figure losses for Illinois over the last five years would total $820 million.
The updated figure comes as lawmakers in Washington consider legislation that would give states the power to collect sales taxes from Internet purchases.
The revenue department says Illinois collected about $12 million in sales taxes from self-reported online purchases in 2012. That's up $500,000 from 2011. A spokeswoman says that's largely taxes on bigger-ticket items, like boats, and not smaller items, like books.