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| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2012 | 4.8 Satisfied (180 Votes) |
You must file Form RUT-25 if you own a motor vehicle, watercraft, aircraft, trailer, mobile home, snowmobile, or ATV purchased from an unregistered out-of-state dealer or if you are leasing such items to an Illinois resident.
Form RUT-50 must be filed when acquiring a motor vehicle from a private party. This includes cars, trucks, vans, motorcycles, and ATVs.
This form is necessary for reporting the acquisition of aircraft or watercraft by gift or non-retail purchase from a private party.
Each form (RUT-25, RUT-50, and RUT-75) must be submitted no later than 30 days after the purchase date or the date the item is brought into Illinois.
When using Form RUT-50 for private party transactions, there is no trade-in deduction allowed; tax is based on the purchase price or fair market value.
Organizations with tax-exempt status can claim exemptions on these forms by providing their active Illinois Department of Revenue exemption number.
If claiming credit for taxes previously paid to another state, proof of payment must be attached to the respective form.
