What is an Illinois St-556 form?

Sales Tax Transaction Return
Form ST-556, Sales Tax Transaction Return, is a form issued by Illinois Department of Revenue to be filed by a retail seller of items like motor cars or other vehicles, watercraft, aircraft, trailers or mobile homes; that need to be registered for a title with the State of Illinois government agency.

Where can I get Illinois state tax forms?

If you are trying to locate, download, or print state of Illinois tax forms, you can do so on the Illinois Department of Revenue Website.

Can you claim ST 556 on taxes?

Yes. Anytime you sell an item at retail in Illinois that is of the type that must be titled or registered by an agency of Illinois state government, you must report the sale on Form ST‑556, regardless of whether you are reporting tax due.

Are Illinois 2020 tax forms available yet?

After Oct. 15, 2021, you can complete and sign 2020 Illinois Tax Forms online here on eFile, before you download, print and mail them to the state tax agency. The address is on the form. You can select one of these payment options either after you have e-filed or filed your 2020 Illinois Tax Return.

What is the rolling stock exemption in Illinois?

To qualify for the rolling stock exemption, • the motor vehicle or trailer must be used to transport persons or property for hire, • the purchaser must certify that the motor vehicle or trailer will be utilized by an interstate carrier for hire who holds an active USDOT number with the carrier operation listed as “ …

How much tax do you pay on a boat in Illinois?

The tax rate is 6.25 percent of the purchase price, and the tax rate is determined by the address at which the watercraft will be registered or titled in Illinois. Again, note that some local governments also may impose a separate local use tax on the transaction.

How do I get ST 556?

How can I file Form ST-556? Form ST‑556 can be filed electronically using MyTax Illinois at mytax.illinois.gov. The Illinois Department of Revenue also issues preprinted paper forms in limited quantities. You can request preprinted returns by calling our Central Registration Division at 217 785-3707.