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Tax Issues

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Why Self-Storage Owners Must Have a Succession and Estate Plan
Oct 10, 2020
Whatever your feelings about the self-storage business you own, you can’t run it forever. If you don’t intend to sell, you need a solid succession and estate plan. Learn why this planning is important, what poor planning could cost, and how to...
Belleville, IL, Considers Sales Tax on Self-Storage Rentals
Aug 26, 2020
Officials in Belleville, Ill., are considering a 5 percent sales tax to be collected on self-storage rent. Suggested by alderman Phil Elmore, the tax is one of several moves being considered by the city to help cover the costs of municipal...
Evanston, IL, Plans 5% Self-Storage Tax as Part of 2020-21 Budget
Oct 21, 2019
Officials in Evanston, Ill, have included a 5 percent self-storage tax as part of the city’s proposed budget for the 2020-21 fiscal year. This “user fee” is included as one of several new revenue streams officials are considering within the $317...
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