Three Retailers Settle Suit With Illinois.

Wal-Mart, Target and Office Depot have agreed to pay $2.4 million in taxes owed on sales made over the internet. The companies had originally argued that they were not responsible for tax on the sales due to the fact that the dot-com entities were separate from the companies and were not located in Illinois. The Illinois Attorney General said they did have connections to the state because the stores of the parent company would accept returns from purchases made from the online subsidiaries. (Press Release, Office of Illinois Attorney General, December 10, 2004)

Posted on January 21, 2005