Business & Finance News Center

  • Policy Update: 22.8 Collect and Report Sales and Use Tax

    May 22, 2026 1:30 pmAccounting and BudgetingEquipment ManagementFY 26Payments to the UniversityPolicies and Procedures

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    • Renewals of $1,000,000 or more for commodities, general services and/or professional and artistic services including sole sources require Board of Trustees aproval. Requisitions need to be submitted to Purchasing in adequate time to obtain the necessary BOT approvals by January 17, 2025. Last FY25 BOT mtg. Date is May 22,2025

    The Business & Finance Policy Office announces updates to Collect and Report Sales and Use Tax.

    Highlights 

    • Numbering of Collect and Report Sales and Use Tax to 22.8.
    • Updating policy content for accuracy and consistency.

    Contact
    For questions about this policy, please contact the Business & Finance Policy Office at BusFinPolicyOffice@uillinois.edu.

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