A ruling upholding Cook County’s tobacco tax could “easily be the spark that starts a wildfire” of Illinois municipalities seeking similar windfalls,
Eleven Sam’s Club stores in the Chicago area are seeking to overturn an appeals court decision upholding the county’s assessment of $314 million in tobacco tax, penalties, and interest for sales to out-of-county retailers from 2009-2016. The county sought the windfall by retroactively applying an admitted change in its understanding of its use tax ordinance on cigarettes consumed within its borders, the company said in a petition for review filed Aug. ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.