Step 3: Correct your financial information
Complete this step only if you are changing financial information. Otherwise, go to Step 4 and sign your return. Remember the following:
•round to the nearest whole dollar.
•attach a copy of the bill of sale to this return.
•use 6.25 percent as your tax rate for Line 6 unless the address listed in Step 1 is one of the following locations:
Cook County |
7.25 percent (7.50 percent in Bensenville, Elmhurst, Hinsdale, Oak Brook, Roselle, and Woodridge) |
DuPage County |
7.25 percent (7.0 percent outside of DuPage Water Commission territory and in West Chicago) |
Will County |
7.0 percent (7.25 percent in Naperville or Woodridge) |
Kane, Lake, and McHenry Counties |
7.0 percent |
Madison and St. Clair Counties |
6.5 percent (6.25 percent outside the Metro East Mass Transit District) |
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Column A |
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Column B |
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Most recent figures filed |
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Figures as they should |
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have been filed |
1 |
Purchase price - before trade-in, discount, rebates or incentives |
1 |
____________ |
1 |
____________ |
2 |
Trade-in or discount |
2 |
____________ |
2 |
____________ |
3 |
Net purchase price. Subtract Line 2 from Line 1. |
3 |
____________ |
3 |
____________ |
4 |
Depreciation for out-of-state use. (See instructions.) |
4 |
____________ |
4 |
____________ |
5 |
Taxable amount. Subtract Line 4 from Line 3. |
5 |
____________ |
5 |
____________ |
6 |
Tax. Multiply Line 5 by the tax rate ________. (See the rates listed above.) |
6 |
____________ |
6 |
____________ |
7Credit for tax previously paid to another state or to a retailer. (See instructions.)
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Enter the state or the name of the retailer ____________________. |
7 |
____________ |
7 |
____________ |
8 |
Tax due. Subtract Line 7 from Line 6. |
8 |
____________ |
8 |
____________ |
9 |
Total amount paid. |
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9 |
____________ |
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Compare Line 8, Column B, and Line 9. |
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•If Line 9 is greater than Line 8, Column B, enter the difference on Line 10.
•If Line 9 is less than Line 8, Column B, enter the difference on Line 11.
10 Overpayment — This is the amount you have overpaid. Go to Step 4 and sign this return. |
10 ____________ |
11Underpayment — This is the amount you have underpaid. Pay this amount.
Go to Step 4 and sign this return. |
11 ____________ |
Make your check payable to “Illinois Department of Revenue.”
Step 4: Sign below
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
__________________________________________________________________________________ _____________________________________________________________________________________
Purchaser’s signatureDateCo-owner’s signatureDate
__________________________________________________________________________________ _____________________________________________________________________________________
Purchaser’s Current mailing address |
City |
State |
ZIP |