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Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. Illinois Department of Revenue ST-588 Nonresidency Exemption Certification for Sales and Leases.

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How to fill out the St 588 online

The St 588 form is essential for individuals or entities seeking a nonresidency exemption for sales and leases of motor vehicles and trailers in Illinois. This guide will provide clear, step-by-step instructions to help you complete the form accurately and efficiently online.

Follow the steps to fill out the St 588 successfully.

  1. Begin by locating the St 588 form online. Use the ‘Get Form’ button to access and open it for editing.
  2. In Step 1, identify the seller by entering their name, address, and phone number in the designated fields.
  3. Move to Step 2 to identify the purchaser. Fill in the purchaser's name, address, phone number, and the date of purchase.
  4. If applicable, navigate to Step 3 to identify the lessee if the purchaser is a leasing company. Enter the lessee's name, address, and phone number.
  5. Proceed to Step 4 where you will identify the motor vehicle or trailer that is being purchased or leased. Input the year, make, model, vehicle identification number (VIN), and the tax return number from Form ST-556 or ST-556-LSE.
  6. Finally, in Step 5, ensure the nonresident purchaser certifies their nonresidency status. For individuals, sign Statement A; for non-individuals, sign Statement B. If the purchaser is a lessee, they must sign with the corresponding statement.

Complete your St 588 form online today to ensure you meet all requirements for the nonresidency exemption.

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When an Illinois resident purchases a vehicle from an out-of-state dealer and will title the car in Illinois, the sale and subsequent tax due is reported on Form RUT-25 when you bring the vehicle into Illinois.

Certain states impose their own sales taxes on out-of-state customers. If you sell a vehicle to a customer who will title it in one of those states, then you must charge the customer Illinois sales tax at the foreign state`s tax rate or at 6.25%, whichever is less.

Tell the DMV clerk that you purchased the car out of state with the intent of titling and registering it at your address. The clerk will return your bill of sale but keep your Missouri title. You'll need to pay the difference in sales tax between Illinois and Missouri. Once complete, the DMV will mail you a new title.

Do you pay taxes when buying a car privately in Illinois? You have to pay a use tax when you purchase a car in a private sale in Illinois. The tax rate is based on the purchase price or fair market value of the car. Here's a vehicle use tax chart.

Standard tax, title and license fees charged on a new vehicle in Illinois are as follows: Sales Tax: 7.25% (additional county taxes may also apply) Title Fee: $150. License and Registration Fee: $151.

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