Illinois is a state located in the midwestern region of the United States. It is the 25th largest state at 57,915 square miles and the 5th most populated with over 12.8 million residents. The O’Hare International Airport in Illinois is ranked as one of the world’s busiest airports. It was the also first state to ratify the 13th amendment to abolish slavery.
Bullion Sales Tax in Illinois
Illinois has a statewide sales tax rate of 6.25% with additional local taxes that can add up to 11%. Legal tender, medallions, and bullion are exempt from these taxes. Items that fall under these categories are: paper currency, coins (gold, silver, other metals) used in transactions in any state in the U.S or foreign country, non-legal tender coins missed by a government body.