Posted By: admin
| Thu, 01/28/2016 - 13:11
Chicago imposed liquid nicotine tax on the sale of liquid nicotine products in the city staring Jan 1 2016. The tax is to be collected by wholesale liquid nicotine companies.
Who must file?
All retailers of fluid nicotine items must file a Floor Tax return at the very latest January 25, 2016.
All wholesale distributors of e-cigarette liquid nicotine items must register with Chicago Department of Finance to start collecting the tax starting on January 1, 2016.
What is the tax rate?
The tax rate is $0.80 per product unit, plus additional $0.55 per liquid milliliter of nicotine liquid or gel.
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