Form St-556 - Instructions For Sales From Illinois Locations (Page 3 of 3) in pdf

the customer as part of the sale of an item and for which gross

Line 7a

receipts are received should be included in the total price.

Note: Line 7a is preprinted only if you have a business

Note: If you are selling a new truck weighing 33,000 pounds

location in the Metro-East Mass Transit District portion

or more or a new trailer or semitrailer chassis weighing 26,000

of St. Clair County. We are responsible for collecting and

pounds or more, you may exclude the federal excise tax from the

administering the fee on vehicles imposed by the transit authority.

total price.

Multiply Line 3 by 0.5 percent (0.005).

Line 2 If you claimed a qualiﬁ ed trade-in (see Section 4), write

• If the result is less than $20, write the result on Line 7a.

the total trade-in credit or value. You must identify the traded-in

• If the result is $20 or more, write $20 on Line 7a.

item in the spaces provided in Section 4.

Line 8 Subtract Line 7 from Line 6. If you wrote an amount on

If you completed Section 5 and no tax is owed, skip to “Sign the

Line 7a (preprinted), subtract Line 7 from Line 6 then add the

return.” Otherwise, continue reading.

amount on Line 7a.

Line 3 Subtract Line 2 from Line 1.

Line 9 If we have notiﬁ ed you that you have an overpayment

Line 4

credit on your account, you may use this overpayment credit to

• If you made this sale at the location printed on the front of

pay some or all of the tax due on this return. Write the amount

the tax return, multiply Line 3 by the tax rate printed on your

you wish to use.

return.

Line 10 In order for us to allow a credit amount that you write on

• If you made this sale at an off-site location (such as a “tent

this line, you must meet the requirements described in items 1

sale” location), please follow the instructions on our Form

through 3 below.

ST-23, How to Report Off-Site Sales on Form ST-556, Sales

Requirements to claim credit for a previously leased item

Tax Transaction Return.

1. Use tax was paid either to an Illinois retailer on Form ST-556 or

• If you made this sale to a nonresident who takes delivery of a

directly to us on Form RUT-25 when the item was purchased.

motor vehicle or trailer in Illinois and who will title it in a state

2. The amount of credit you take on this line is equal to or less

that does not have a reciprocal out-of-state buyer exemption

than the amount of tax due on the ST-556 on which you are now

for Illinois residents, multiply Line 3 by the nonresident’s state

reporting the retail sale of this previously leased item.

sales tax rate, up to 6.25 percent. Visit our web site to ﬁ nd

3. On the tax return number line, you have written the correct tax

the Reciprocal NonReciprocal Rate Reference Chart.

return number either from the

Note for business locations in Cook, DuPage, Kane, Lake,

•

Form ST-556 ﬁ led by the Illinois retailer when you purchased

McHenry, or Will County when the customer’s address is in

the item and paid the tax, or

Chicago:

•

Form RUT-25 ﬁ led when the item was purchased and the tax

If your customer’s address on Form ST-556, Section 1, is within

paid.

the corporate limits of the city of Chicago, your customer owes

Line 11 If you collected more tax than is due on this sale, write

an additional 1.25 percent home rule use (sales) tax, known as

the amount you overcollected.

“Chicago Home Rule Use Tax.” To help you calculate the tax due

Line 12 Line 8 minus Line 9 minus Line 10 plus Line 11.

on one of these sales, we preprint a combined rate on your ST-

556 below Line 4. This combined rate includes your tax rate plus

Line 13 If you have a credit memorandum and you wish to use

the additional 1.25 percent (.0125) home rule use (sales) tax. To

it towards what you owe, write the amount you are using on

ﬁ gure the correct tax due, multiply the amount subject to tax on

Line 13.

Line 3 by the combined rate. Write the result on Line 4.

Line 14 Subtract Line 13 from Line 12, and write the amount

Line 5 Read these instructions if your buyer’s address

due. Also, write the number of the remittance you are sending

in Cook, DuPage, Kane, Lake, McHenry, Will, Madison, or

to pay the tax due on this return. If you are ﬁ ling more than one

St. Clair county.

Form ST-556, please enclose a separate remittance for each

return.

Your buyer may owe tax at a higher rate than the rate at which

you are required to collect tax. This applies to a buyer that is

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

located in a portion of one of the above counties in which tax

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

has been imposed by the Regional Transportation Authority,

pay the amount you owe by the original due date of the return,

Metro-East Transit District, or DuPage Water Commission District.

a bad check penalty if your remittance is not honored by your

In these cases, you may do your buyer the courtesy of collecting

ﬁ nancial institution, and a cost of collection fee if you do not

the additional tax (called “use” tax) so that he or she will not be

pay the amount you owe within 30 days of the date printed on

billed for it later. Once you have determined whether your buyer

an assessment. We will bill you for any amounts owed. For more

is subject to a higher rate than your rate, you should multiply

information, see Publication 103, Penalties and Interest for Illinois

the amount on Line 3 by any difference in rates (expressed as a

Taxes. To receive a copy of this publication, visit our web site at

decimal), and write the result on Line 5.

tax.illinois.gov or call 1 800 356-6302.

Finally, write the name of the

Sign the return

• buyer’s county

Both the seller and all buyers must sign the return.

• buyer’s city or village, if any, and

If you claimed a qualiﬁ ed trade-in for the item sold, the signatures

• buyer’s township if the address is in Madison or St. Clair

also declare that the title of the traded-in item has been properly

County.

assigned and surrendered to the seller.

Do not report home rule use tax on Line 5.

Line 6 Add Lines 4 and 5.

Line 7 If you are ﬁ ling this return within 20 days of the date you

wrote in Section 3, multiply Line 6 by the rate printed on your return.

Page 3

ST-556 (1) (R-9/10)

Form St-556 - Instructions For Sales From Illinois Locations Page 3

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