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Get Il St 556 1 Instructions

Ng used vehicles, watercraft, aircraft, trailers, or mobile homes to Illinois buyers and the items are located in Illinois at the time of the sale, you must report these sales on Form ST-556, Sales Tax Transaction Return. This situation will occur most often when you sell a motor vehicle to an Illinois lessee at the end of a lease. Note: Under Illinois law, lessors selling passenger-plated vehicles coming off lease are automatically deemed to be in the business of selling such motor vehicles. M.

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