Form Pst-1 Draft - Prepaid Sales Tax Return With Instructions (Page 2 of 2) in pdf

Form PST-1 - General Information

What is prepaid sales tax?

retailer is required to ﬁ le one part with Form ST-1 and

“Prepaid sales tax” is a tax that you (a distributor of motor fuel) must

keep one part as a ﬁ le copy. The reseller is required to ﬁ le

collect on the motor fuel you sell for resale to a retailer who is not

one part with Form PST-1 and keep one part as a ﬁ le copy.

also an Illinois licensed motor fuel distributor or a supplier of diesel

Are there any types of fuel for which I am not required to

and dieselhol. Tax is due in the amount of

• $0.05 per gallon for sales of gasohol and

remit prepaid sales tax?

• $0.06 per gallon for all other motor fuels.

Yes. The following types of motor fuel are exempt from sales tax and

Note: Reformulated fuel that is labeled as gasohol but contains over

are therefore not subject to prepaid sales tax requirements.

10 percent alcohol is taxable at $0.06 per gallon.

• Majority blended ethanol fuel — “Majority blended ethanol fuel”

is motor fuel that contains not less than 70 percent and no more

Who must ﬁ le Form PST-1?

than 90 percent denatured ethanol, and not less than 10 percent

If you are engaged in the business of selling motor fuel to retailers,

and no more than 30 percent gasoline.

you must ﬁ le Form PST-1 and pay the tax you have collected. You

• 100 percent biodiesel — “Biodiesel” is a renewable diesel fuel

must attach to your PST-1 return a Form PST-2, Statement of Tax

derived from biomass (i.e., a non-fossil organic material such as

Paid, for each retail sale made during the liability period.

soybean oil, other vegetable oils, or ethanol, that has an intrinsic

What is motor fuel?

chemical energy content) that is intended for use in diesel en-

For the purposes of this form, “motor fuel” means all volatile and

gines.

inﬂ ammable liquids (e.g., gasoline, gasohol, diesel fuel) that are

• Qualifying biodiesel fuel blends — “Biodiesel blend” is a blend

produced, blended, or compounded for the purpose of, or which can

of biodiesel and petroleum-based diesel fuel in which the ﬁ nal

be used for, operating motor vehicles. Note: Aviation fuel and liquid

product contains no less than 1 percent and no more than 99

propane gas are not motor fuel and you should not report the sales

percent biodiesel. Note: Only biodiesel blends with more than 10

of these products on Form PST-1.

percent but no more than 99 percent biodiesel are exempt from

prepaid sales tax requirements. If the biodiesel blend is at least 1

What is gasohol?

percent but no more than 10 percent biodiesel, prepaid sales tax

“Gasohol” is a motor fuel containing no more than 90 percent

must be collected as it is for all other types of motor fuel.

gasoline and at least 10 percent denatured ethanol. The denatured

ethanol must contain no more than 1.25 percent water by weight.

What if I need help?

When must I ﬁ le Form PST-1?

If you need help, call the Illinois Department of Revenue at

1 800 732-8866 or 217 782-3336, call our TDD-telecommunications

You must ﬁ le this return along with any payment you owe, on or

device for the deaf at 1 800 544-5304, or visit our web site at

before the 20th day of the month following the end of the liability period.

tax.illinois.gov.

Note: If the due date falls on a weekend or holiday, your payment is

due the next business day.

What is Form PST-2?

Form PST-2 is a four-part form, which allows the department to verify

that the information reported by retailers and resellers matches. The

Speciﬁ c Instructions

Step 1: Figure your gallonage information

Line 9 - If we have notiﬁ ed you that you have a credit and you wish to

use it towards what you owe, write the amount you are using here.

Line 1 - Write the total number of gallons of motor fuel, including

gasohol, you sold, delivered, or transferred during this period. Include

Line 11 - Subtract Line 10 from Line 7. Write the result on Line 11.

deliveries that you made to your company-owned outlets.

This is the amount due.

Line 2e - If the organization is a retailer of motor fuel, you may not

Step 3: Sign below

deduct the gallons sold.

An owner, partner, ofﬁ cer, or authorized agent of the business must

Line 2f - Write the number of gallons you sold to out-of-state retailers

sign the return.

who take delivery in Illinois and certify that they will always resell and

deliver the fuel to their customers outside Illinois.

Penalty and Interest Information

Line 2g -

Write the total gallons of majority blended ethanol fuel, 100

You owe a late ﬁ ling penalty if you do not ﬁ le a processable return

percent biodiesel fuel, or biodiesel fuel blends (with more than 10

by the due date, a late payment penalty if you do not pay the

percent but no more than 99 percent biodiesel) that you sold.

amount you owe by the original due date of the return, a bad check

Line 2h - Write the total gallons you sold to customers other than

penalty if your remittance is not honored by your ﬁ nancial institution,

retailers. Include deliveries made to your company-owned (and not

and a cost of collection fee if you do not pay the amount you owe

leased) outlets. Do not include amounts reported on Lines 2a through 2g.

within 30 days after a bill has been issued. We will bill you for any

Step 2: Figure your payment due

amounts owed. For more information, see Publication 103, Penalties

and Interest for Illinois Taxes. To receive a copy of this publication,

Line 8 - Write the total amount of quarter-monthly payments you have

visit our web site at tax.illinois.gov.

made. Include both cash and credit memoranda payments made on

Form PST-3, Prepaid Sales Tax Quarter-monthly Payment.

*ZZZZZZZZZ*

PST-1 back (R-11/09)

Form Pst-1 Draft - Prepaid Sales Tax Return With Instructions Page 2

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