Cook County Sales Tax Revenue Bonds
Online Sales Tax Revenues Diversify
Revenue Stream
New Revenue Stream Supplementing Existing Pledged Revenues as of 2021
November 2019
Illinois passes the
Leveling the Playing
Field for Illinois Retail
Act, requiring remote
retailers and
marketplace
facilitators to collect
online Sales Taxes
beginning in 2021
January 2021
County residents
begin paying the
1.75% County Home
Sales Tax rate for
online purchases
О
April 2021
After a three-month
lag, the County begins
to receive the online
Sales Tax Revenues
Contributed to
19.4% Sales Tax
growth in FY
2021, and
projected to
further increase
in FY 2022
✓ Projections for future
impact of new revenue
stream developed in
coordination with
County's Independent
Revenue Forecasting
Commission
11
SEAL
S.ILL
COOK
ANUARY 18:31
KCOView entire presentation