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How to fill out the ST-587 online
Filling out the ST-587, also known as the Equipment Exemption Certificate, is an essential task for those involved in purchasing or leasing equipment for specific purposes in Illinois. This guide provides a comprehensive step-by-step approach to help users complete the form accurately and efficiently.
Follow the steps to fill out the ST-587 Form online
- Click the ‘Get Form’ button to obtain the ST-587 form and open it in the editor.
- Identify the seller by filling in their name, phone number, and address, including the Illinois business tax number (IBT) and ZIP code.
- Identify the purchaser (lessor) by providing their name, phone number, and address, along with the date of purchase indicating the month, day, and year.
- Identify the lessee by entering their name, phone number, and address.
- Specify the equipment you are purchasing or leasing by indicating the type of equipment and its serial number. Note that equipment includes machinery and repair or replacement parts.
- Indicate how you will use this equipment by checking the appropriate box, based on one of the provided usage categories.
- Sign the form stating under penalties of perjury that you have examined this certificate and it is accurate, while also providing the date of signing.
- Complete the process by saving any changes made to the form, and choose to download, print, or share the completed ST-587 form as needed.
Complete your documents online with ease and efficiency.
Your Illinois Sales Tax Exemption Certificate is an important tax document that authorizes you under the Retailers' Occupation Tax Act to purchase tangible personal property for use or consumption tax-free.
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