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  • Form Rut 25 Vehicle Use Tax Transaction Return

Get Form Rut 25 Vehicle Use Tax Transaction Return

ST 12-0021-GIL 04/04/2012 MOTOR VEHICLES An out-of-state leasing company that sells a vehicle located in Illinois at the end of a lease to an Illinois purchaser must report the sale on Form ST-556,.

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How to fill out the Form Rut 25 Vehicle Use Tax Transaction Return online

Filling out the Form Rut 25, Vehicle Use Tax Transaction Return, online can simplify the process of reporting vehicle use tax. This guide provides step-by-step instructions aimed at helping users complete the form effectively.

Follow the steps to complete the Form Rut 25 online.

  1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
  2. Gather necessary information regarding the vehicle and the purchaser, including vehicle identification number, make, model, purchase date, and buyer details.
  3. Fill in the section for the purchaser's information, including their name, address, and contact details.
  4. Complete the vehicle information section by entering the vehicle's details such as make, model, year, and identification number.
  5. Indicate the purchase price of the vehicle in the appropriate field.
  6. Calculate and indicate the use tax amount based on the purchase price, ensuring to apply the correct tax rate as applicable in Illinois.
  7. Review all entered information for accuracy to avoid any issues in processing.
  8. Once all fields are filled out and checked, save your changes if possible. You may also have the option to download, print, or share the completed form.

Complete your Form Rut 25 online today to ensure compliance with vehicle use tax regulations.

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Forms RUT-25, RUT-25-LSE, and RUT-50 are generally obtained when you license and title your vehicle at the applicable state facility or at a currency exchange. Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated.

The buyer must pay $95 to the Secretary of State, and a tax to the Department of Revenue. For vehicles worth less than $15,000, the tax is based on the age of the vehicle. It starts at $390 for a one-year old vehicle.

Form RUT-50 must be filed by a person or business titling a motor vehicle in Illinois when the person or business: ... moved into Illinois with a motor vehicle he or she owns that was originally purchased or acquired by gift or transfer from a private party.

The rate is 6.25% of the purchase price or fair market value, whichever is greater.

The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers' Occupation Tax Act.)

Illinois private party vehicle use tax is based on the purchase price (or fair market value) of the motor vehicle, with exceptions noted on the right (i.e., for motorcycles and specific situations). ... The fair market value may be obtained from a licensed dealer. Note: A trade-in deduction is not allowed on this tax.

Form RUT-75 is generally obtained when you license and title your aircraft or watercraft at the appropriate state agency, i.e., the Illinois Department of Transportation (for aircraft) or the Illinois Department of Natural Resources (for watercraft).

Make sure you receive the completed title from the seller. ... Complete the Application for Vehicle Transaction(s). Obtain and complete the Private Party Vehicle Tax Transaction form, which can only be found at a local SOS office. Pay the $95 title transfer fee. ... Name changes: $15 per name.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232