GLGA News: Illinois Manufacturer’s Purchase Credit Reinstated as a Sales Tax Exemption
June 14, 2019 – The Illinois Manufacturer’s Purchase Credit has been reinstated and modernized, allowing Illinois’ manufacturers to save tens of millions of dollars. Beginning on July 1, 2019, the MPC will function as a straightforward sales tax exemption. This means that Illinois manufacturers, a definition that now includes graphic arts production, will no longer pay state or local sales tax on items consumed in the manufacturing process such as lubricants, coolants, fuel, oils, adhesives, and other such products. Read more.