SB2066 Summary

• Adds definitions for "marketplace facilitator," "marketplace seller," and "marketplace" to the Retailers' Occupation Tax Act to address sales made through third-party online platforms.

• Exempts marketplace sellers from state retailers' occupation tax on sales made through a marketplace when use tax has been properly collected and remitted by the marketplace facilitator under the Use Tax Act (effective January 1 - December 31, 2020).

• Excludes persons licensed under the Auction License Act from the definition of "marketplace facilitator," except for Internet auction listing services as defined in that Act.

• Provides that a certified service provider filing returns on behalf of remote retailers may claim the 1.75% discount on taxes collected and remitted, while remote retailers using certified service providers cannot claim this discount.

• Modifies the Leveling the Playing Field for Illinois Retail Act to clarify contractual relationships and liability standards for certified service providers handling tax collection and remittance.