St 587 2026

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The document is an Equipment Exemption Certificate (ST-587) from the Illinois Department of Revenue, which allows sellers to exempt certain equipment purchases or leases from sales tax. It outlines steps for identifying the seller, purchaser, lessee, and the equipment being purchased, as well as how the equipment will be used. The form requires signatures and includes contact information for further assistance.

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Click ‘Get Form’ to open the ST-587 in the editor.
Begin by identifying the seller. Fill in their name, phone number, address, and Illinois business tax number (IBT). Ensure all details are accurate as the seller must retain this certificate.
Next, identify the purchaser (lessor) by entering their name, phone number, address, and date of purchase. Be sure to format the date correctly.
Then, identify the lessee by providing their name, phone number, and address. This information is crucial for record-keeping.
In this step, specify the equipment being purchased or leased. Include both the type of equipment and its serial number for precise identification.
Finally, indicate how you will use this equipment by checking the appropriate box that describes its primary use.
Sign and date the form at the bottom to certify that all information provided is true and complete under penalties of perjury.

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Versions	Form popularity	Fillable & printable
2019	4.8 Satisfied (70 Votes)
2019	4.3 Satisfied (216 Votes)
2014	4.4 Satisfied (562 Votes)
2013	4 Satisfied (55 Votes)
2010	4.1 Satisfied (37 Votes)
1996	4.5 Satisfied (24 Votes)

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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 sales tax deduction?

The Internal Revenue Service (IRS) permits you to write off either your state and local income tax or sales taxes when itemizing your deductions. People who live in a state that does not impose income taxes often benefit most from this deduction.

Who qualifies for sales tax exemption in Illinois?

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 get tax exempt status in Illinois?

You must apply for a sales tax exemption (E) number by sending in: Form STAX-1, Application for Sales Tax Exemption, The articles of incorporation, The bylaws, The IRS letter, reflecting federal tax-exempt status,

What is a certificate of eligibility for sales tax exemption?

A sales tax exemption certificate is an official document that allows a business to make purchases without paying the standard sales tax. This certificate is proof that the purchases are not subject to sales tax due to specific exemptions that apply to the business.

What is Illinois St. 587?

The seller must use Form ST-587, Equipment Exemption Certificate, to document an exempt sale or purchase and must maintain a copy of Form ST-587 in its records. 86 Ill. Adm. Code Sections 130.305(m), 130.330(f), 130.350(f), 130.351(f).

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What is a blanket sales tax-exempt certificate?

A blanket certificate is one that can be kept on file for multiple transactions between a specific Buyer and specific Seller. Who determines whether this resale certificate will be accepted? The Seller will determine whether it will accept the certificate from the Buyer.

Who is eligible for tax exemption?

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 qualifies for farm tax exemption in Illinois?

The farm machinery and equipment exemption applies only to items of farm machinery and equipment, either new or used, certified by the purchaser to be used primarily for production agriculture. The exemption excludes most motor vehicles required to be registered pursuant to the Illinois Vehicle Code.

St 587 2026

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