Home
Forms Library
Illinois form statement exemption

Illinois form statement exemption 2025

illinois form statement exemption Preview on Page 1

Show details

4.9 out of 5

58 votes

The document is an exemption statement form (IL FORM BB02) issued by the Illinois Secretary of State's Securities Department. It allows clients or prospective clients to declare their eligibility for exemption from waiting periods and disclosure requirements based on specific financial criteria, such as net worth, income, or asset value. The form requires a signature to affirm the accuracy of the representation.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change Illinois form statement exemption online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your paperwork takes only some simple clicks. Follow these quick steps to change the PDF Illinois form statement exemption online free of charge:

Register and log in to your account. Log in to the editor with your credentials or click Create free account to examine the tool’s features.
Add the Illinois form statement exemption for redacting. Click on the New Document option above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Modify your template. Make any changes needed: add text and pictures to your Illinois form statement exemption, highlight information that matters, remove sections of content and replace them with new ones, and add icons, checkmarks, and fields for filling out.
Finish redacting the template. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super easy to use and effective. Try it now!

See more illinois form statement exemption versions

We've got more versions of the illinois form statement exemption form. Select the right illinois form statement exemption version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2015	4.9 Satisfied (58 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who qualifies for Illinois sales tax exemption?

Information for exclusively charitable, religious, or educational organizations; governmental bodies; and certain other tax-exempt organizations. Qualified organizations, as determined by the Illinois Department of Revenue (IDOR), are exempt from paying sales taxes in Illinois.

How do I become exempt from property taxes in Illinois?

Most homeowners are eligible for this exemption if they meet the requirements for the Senior Exemption and have a total household annual income of $65,000 or less in the calendar year 2022. This exemption provides significant savings by freezing the equalized assessed value of an eligible property.

What is the exemption for Illinois?

For tax year beginning January 1, 2024, it is $2,775 per exemption. If someone else can claim you as a dependent and your Illinois base income is $2,775 or less, your exemption allowance is $2,775. If income is greater than $2,775, your exemption allowance is 0.

Who can be exempt from property taxes?

Some types of properties are exempt from real estate taxes. These include qualifying nonprofit, religious and government properties. Senior citizens, veterans and those eligible for STAR (the School Tax Relief program) may qualify for exemptions as well.

What qualifies you to be a tax exempt individual?

Who Does Not Have to Pay Taxes? You generally dont have to pay taxes if your income is less than the standard deduction or the total of your itemized deductions, if you have a certain number of dependents, if you work abroad and are below the required thresholds, or if youre a qualifying non-profit organization.

What does exemption mean on a form?

What are exemptions? An exemption is a dollar amount that can be deducted from an individuals total income, thereby reducing. the taxable income. Taxpayers may be able to claim two kinds of exemptions: Personal exemptions generally allow taxpayers to claim themselves (and possibly their spouse)

At what age in Illinois do you stop paying property taxes?

Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1959 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessors Office automatically renews it for you each year.

How do I apply for tax exempt status in Illinois?

After you have created your nonprofit, the steps below will help you apply for tax-exempt status. Get an Employer ID number (EIN) Learn more about getting an EIN. File Form 1023 or Form 1023-EZ. Apply for Illinois Sale Tax Exemption. Apply for Real Estate Tax Exemptions.

Illinois form statement exemption 2025

Here's how it works

The best way to change Illinois form statement exemption online