Instructions for Form RUT-75 "Aircraft/Watercraft Use Tax Transaction Return" - Illinois

This document contains official instructions for Form RUT-75, Aircraft/Watercraft Use Tax Transaction Return - a form released and collected by the Illinois Department of Revenue.

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Download Instructions for Form RUT-75 "Aircraft/Watercraft Use Tax Transaction Return" - Illinois

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General Information
Who must fi le Form RUT-75?
What if I purchase from a dealer or leasing company?
If you acquire an aircraft or watercraft by gift, donation, transfer, or
Do not use Form RUT-75 if you purchased the item from an Illinois
non-retail purchase, you must fi le Form RUT-75, Aircraft/Watercraft
dealer or leasing company. The Illinois dealer or leasing company
Use Tax Transaction Return.
must fi le Form ST-556, Sales Tax Transaction Return. If you acquired
the item from an out-of-state dealer, lending institution, or leasing
“Aircraft” includes airplanes, helicopters, hot-air balloons, ultra lights,
company selling at retail, you must fi le Form RUT-25, Vehicle Use Tax
gliders, blimps, dirigibles, seaplanes, and anything else defi ned as
Transaction Return.
aircraft in Section 3 of the Illinois Aeronautics Act.
“Watercraft” includes
When is Form RUT-75 due?
• Class 2, Class 3, and Class 4 watercraft as defi ned in Section 3-2
Within 30 days from the date of acquiring the aircraft or watercraft if
of the Boat Registration and Safety Act; and
acquired in Illinois or within 30 days of bringing it into Illinois if acquired
• personal watercraft as defi ned in Section 1-2 of the Boat
outside Illinois. You must submit proof of tax payment or exemption
Registration and Safety Act (jet skis, wave runners, etc.).
before your registration will be issued by the
“Watercraft” does not include canoes or kayaks.
• Department of Transportation - Division of Aeronautics (aircraft).
• Department of Natural Resources (watercraft).
What is a “non-retail purchase”?
A purchase from a person or business not in the business of selling
What if I need help?
aircraft or watercraft at retail is considered a “non-retail purchase”
Visit our web site at tax.illinois.gov; call us weekdays between
Note: For these instructions, “item” refers to both aircraft and
8 a.m. to 5 p.m. at 1 800 732-8866 or 217 782-3336; or call our TDD
watercraft as defi ned above.
(telecommunications device for the deaf) at 1 800 544-5304.
Specifi c Information
Step 1 —
family members (i.e., a spouse, parent, brother, sister, or child). Write
Purchaser or new owner information
this purchase price on Line 1. If our review questions the
Line 3: This is the address as it will appear on the Illinois registration.
amount stated on Line 1, we have the authority to determine the fair
Lines 5: Social Security number or federal employer identifi cation
market value through an independent valuation. We will bill you if
number (FEIN).
additional tax is owed, including penalties and interest.
Line 6: Watercraft only - Check if reporting a transfer between
immediate family members. If our review indicates that the primary
Line 3 - Provide the name of the state and the amount of sales or
reason for the transfer was to avoid payment of tax, we will bill you for
use tax you previously paid to that state. Credit is allowed only if the
applicable tax, penalties, and interest.
tax previously paid was properly due and separately stated on the
proof of tax payment that must be attached to Form RUT-75.
Step 3
— Item information
Line 4: Date purchaser (not the seller) acquired the item.
Line 4 - Subtract Line 3 from Line 2. This is the amount of tax that
Line 5: Date purchaser (not the seller) brought the item into Illinois.
you owe. Make your remittance payable to “Illinois Department of
This date should always be on or after the purchase date.
Revenue” and attach it to Page 1 of Form RUT-75.
Line 7b: Type of watercraft. List one: open, cabin, houseboat,
You owe a late fi ling penalty if you do not fi le a processable return
sailboat, pontoon, PWC/jetski, paddleboat or other.
by the due date, a late payment penalty if you do not pay the amount
Step 4 —
you owe by the original due date of the return, a bad check penalty if
Exempt transaction -
Mark the applicable box.
your remittance is not honored by your fi nancial institution, and a cost
If the transaction is taxable, skip to Step 5.
of collection fee if you do not pay the amount you owe within 30 days
a Charitable, religious, educational, or governmental organization
of the date printed on a bill that we send you. For more information,
with an active Illinois Department of Revenue exemption number.
see Publication 103, Penalties and Interest for Illinois Taxes. To receive
b Rolling stock item for hire to haul persons or commodities in inter-
a copy of this publication, visit our web site at tax.illinois.gov, or call
state commerce. Aircraft - provide FAA certifi cate of authority number.
1 800 356-6302.
f Watercraft only - not required to be numbered under the Boat
Registration and Safety Act and,
Step 6 —
Sign here
• will not be used upon Illinois waters for more than 30 days in
The purchaser and co-owner (if applicable) must sign Form RUT-75.
any calendar year; or
Send Page 1 and required attachments with your application and
• regardless of time used upon Illinois waters, and is either:
fees for registration to the appropriate address below.
– owned by the United States, a State, or subdivision thereof, and
used solely for offi cial purposes and clearly identifi able; or
Keep Page 2 for your records.
– used exclusively as a ship’s lifeboat.
Step 5 —
Figure your tax
Aircraft:
Round to nearest dollar: Drop amounts of less than 50 cents, and
DEPARTMENT OF TRANSPORTATION
increase amounts of 50 cents or more to the next higher dollar.
DIVISION OF AERONAUTICS
ABRAHAM LINCOLN CAPITAL AIRPORT
Line 1: Tax is based on the purchase price or fair market value amount.
1 LANGHORNE BOND DRIVE
Attach a copy of the purchase agreement/invoice which must have
SPRINGFIELD, IL 62707-8415
the purchase price and the tax previously paid clearly and separately
stated. Aircraft - must also attach a copy of the FAA bill of sale. If
Watercraft:
you purchase or acquire a share of an aircraft or watercraft, write
DEPARTMENT OF NATURAL RESOURCES
the share’s purchase price or fair market value. For watercraft, the
PO BOX 19226
purchase price or fair market value must include the value of any
SPRINGFIELD, IL 62794-9226
motor sold with, or as part of, the transaction. If the purchase price is
less than the fair market value, you must pay tax on the fair market
value on the date acquired or brought into Illinois, whichever is later.
The only exception is a watercraft transfer between immediate
RUT-75 (R 9/10)
Page 2 back
General Information
Who must fi le Form RUT-75?
What if I purchase from a dealer or leasing company?
If you acquire an aircraft or watercraft by gift, donation, transfer, or
Do not use Form RUT-75 if you purchased the item from an Illinois
non-retail purchase, you must fi le Form RUT-75, Aircraft/Watercraft
dealer or leasing company. The Illinois dealer or leasing company
Use Tax Transaction Return.
must fi le Form ST-556, Sales Tax Transaction Return. If you acquired
the item from an out-of-state dealer, lending institution, or leasing
“Aircraft” includes airplanes, helicopters, hot-air balloons, ultra lights,
company selling at retail, you must fi le Form RUT-25, Vehicle Use Tax
gliders, blimps, dirigibles, seaplanes, and anything else defi ned as
Transaction Return.
aircraft in Section 3 of the Illinois Aeronautics Act.
“Watercraft” includes
When is Form RUT-75 due?
• Class 2, Class 3, and Class 4 watercraft as defi ned in Section 3-2
Within 30 days from the date of acquiring the aircraft or watercraft if
of the Boat Registration and Safety Act; and
acquired in Illinois or within 30 days of bringing it into Illinois if acquired
• personal watercraft as defi ned in Section 1-2 of the Boat
outside Illinois. You must submit proof of tax payment or exemption
Registration and Safety Act (jet skis, wave runners, etc.).
before your registration will be issued by the
“Watercraft” does not include canoes or kayaks.
• Department of Transportation - Division of Aeronautics (aircraft).
• Department of Natural Resources (watercraft).
What is a “non-retail purchase”?
A purchase from a person or business not in the business of selling
What if I need help?
aircraft or watercraft at retail is considered a “non-retail purchase”
Visit our web site at tax.illinois.gov; call us weekdays between
Note: For these instructions, “item” refers to both aircraft and
8 a.m. to 5 p.m. at 1 800 732-8866 or 217 782-3336; or call our TDD
watercraft as defi ned above.
(telecommunications device for the deaf) at 1 800 544-5304.
Specifi c Information
Step 1 —
family members (i.e., a spouse, parent, brother, sister, or child). Write
Purchaser or new owner information
this purchase price on Line 1. If our review questions the
Line 3: This is the address as it will appear on the Illinois registration.
amount stated on Line 1, we have the authority to determine the fair
Lines 5: Social Security number or federal employer identifi cation
market value through an independent valuation. We will bill you if
number (FEIN).
additional tax is owed, including penalties and interest.
Line 6: Watercraft only - Check if reporting a transfer between
immediate family members. If our review indicates that the primary
Line 3 - Provide the name of the state and the amount of sales or
reason for the transfer was to avoid payment of tax, we will bill you for
use tax you previously paid to that state. Credit is allowed only if the
applicable tax, penalties, and interest.
tax previously paid was properly due and separately stated on the
proof of tax payment that must be attached to Form RUT-75.
Step 3
— Item information
Line 4: Date purchaser (not the seller) acquired the item.
Line 4 - Subtract Line 3 from Line 2. This is the amount of tax that
Line 5: Date purchaser (not the seller) brought the item into Illinois.
you owe. Make your remittance payable to “Illinois Department of
This date should always be on or after the purchase date.
Revenue” and attach it to Page 1 of Form RUT-75.
Line 7b: Type of watercraft. List one: open, cabin, houseboat,
You owe a late fi ling penalty if you do not fi le a processable return
sailboat, pontoon, PWC/jetski, paddleboat or other.
by the due date, a late payment penalty if you do not pay the amount
Step 4 —
you owe by the original due date of the return, a bad check penalty if
Exempt transaction -
Mark the applicable box.
your remittance is not honored by your fi nancial institution, and a cost
If the transaction is taxable, skip to Step 5.
of collection fee if you do not pay the amount you owe within 30 days
a Charitable, religious, educational, or governmental organization
of the date printed on a bill that we send you. For more information,
with an active Illinois Department of Revenue exemption number.
see Publication 103, Penalties and Interest for Illinois Taxes. To receive
b Rolling stock item for hire to haul persons or commodities in inter-
a copy of this publication, visit our web site at tax.illinois.gov, or call
state commerce. Aircraft - provide FAA certifi cate of authority number.
1 800 356-6302.
f Watercraft only - not required to be numbered under the Boat
Registration and Safety Act and,
Step 6 —
Sign here
• will not be used upon Illinois waters for more than 30 days in
The purchaser and co-owner (if applicable) must sign Form RUT-75.
any calendar year; or
Send Page 1 and required attachments with your application and
• regardless of time used upon Illinois waters, and is either:
fees for registration to the appropriate address below.
– owned by the United States, a State, or subdivision thereof, and
used solely for offi cial purposes and clearly identifi able; or
Keep Page 2 for your records.
– used exclusively as a ship’s lifeboat.
Step 5 —
Figure your tax
Aircraft:
Round to nearest dollar: Drop amounts of less than 50 cents, and
DEPARTMENT OF TRANSPORTATION
increase amounts of 50 cents or more to the next higher dollar.
DIVISION OF AERONAUTICS
ABRAHAM LINCOLN CAPITAL AIRPORT
Line 1: Tax is based on the purchase price or fair market value amount.
1 LANGHORNE BOND DRIVE
Attach a copy of the purchase agreement/invoice which must have
SPRINGFIELD, IL 62707-8415
the purchase price and the tax previously paid clearly and separately
stated. Aircraft - must also attach a copy of the FAA bill of sale. If
Watercraft:
you purchase or acquire a share of an aircraft or watercraft, write
DEPARTMENT OF NATURAL RESOURCES
the share’s purchase price or fair market value. For watercraft, the
PO BOX 19226
purchase price or fair market value must include the value of any
SPRINGFIELD, IL 62794-9226
motor sold with, or as part of, the transaction. If the purchase price is
less than the fair market value, you must pay tax on the fair market
value on the date acquired or brought into Illinois, whichever is later.
The only exception is a watercraft transfer between immediate
RUT-75 (R 9/10)
Page 2 back