Send Via Email Legal Illinois Aircrafts Forms For Free

Use Tax is a sales tax that you, as the purchaser, owe on items that you buy for use in Illinois. If the seller does not collect at least 6.25 percent sales tax, you must pay the difference to the Illinois Department of Revenue.

If you acquire a watercraft from a person or business that is not in the business or selling watercraft at retail, you must file Form RUT-75, Aircraft/Watercraft Use Tax Transaction Return. You must pay 6.25% watercraft use tax on the watercraft's purchase price.

Business Registration electronically register through MyTax Illinois (approximately one to two days to process); complete and mail Form REG-1, Illinois Business Registration Application, to us at the address on the form (Form REG-1 is available on our web site as a fill-in and savable form. ... visit one of our offices.

You may report and pay any use tax due for purchases you made during that particular filing year if the amount of use tax due for the year is not over $600. Note: If the amount of use tax due on your IL-1040 for the year is over $600, you will need to file and pay using Form ST-44.

Since the Illinois fly-away exemption allows for 10 free days in the state in the year after flying away, an aircraft buyer planning to make his purchase outside Illinois argued that he should have the benefit of the same 10-day rule to avoid owing use tax.

Use the ST-556 tax form for new boats purchased in Illinois from a dealer and the RUT-25 tax form for new boats purchased in Illinois from a retailer/in another state OR used boats registered out-of-state.