Instructions for Form PT-12 Expenditures of Pull Tab Funds - Illinois

Instructions for Form PT-12 Expenditures of Pull Tab Funds - Illinois

This document contains official instructions for Form PT-12 , Expenditures of Pull Tab Funds - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form PT-12 is available for download through this link.

FAQ

Q: What is Form PT-12?A: Form PT-12 is a document used in Illinois to report expenditures of pull tab funds.

Q: Who needs to file Form PT-12?A: Organizations in Illinois that use pull tab funds must file Form PT-12.

Q: What are pull tab funds?A: Pull tab funds are proceeds generated from the sale of pull tab tickets, which are a type of gambling ticket.

Q: Why is Form PT-12 important?A: Form PT-12 is important for organizations to report how they have used the pull tab funds and ensure compliance with regulations.

Q: When should Form PT-12 be filed?A: Form PT-12 must be filed quarterly within 30 days after the end of the reporting period.

Q: Are there any penalties for not filing Form PT-12?A: Yes, failure to file Form PT-12 or filing it late may result in penalties or enforcement actions.

Q: What information is required in Form PT-12?A: Form PT-12 requires information such as total revenues, itemized expenditures, and the purpose of each expenditure made with pull tab funds.

Q: Is there a fee for filing Form PT-12?A: No, there is no fee associated with filing Form PT-12.

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Instruction Details:

  • This 1-page document is available for download in PDF;
  • Actual and applicable for the current year;
  • Complete, printable, and free.

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