Get Il Dor St-587 2019
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How to fill out the IL DoR ST-587 online
Filling out the IL DoR ST-587 exemption certificate is an essential step for individuals involved in manufacturing, production agriculture, or coal and aggregate mining. This guide provides clear, step-by-step instructions for completing the form online, ensuring you understand each section thoroughly.
Follow the steps to complete the IL DoR ST-587 exemption certificate.
- To obtain the form, click the ‘Get Form’ button to access the exemption certificate for completion.
- In this section, identify the seller by filling in their name, address, and phone number. Make sure to provide accurate information, as this certificate must be retained by the seller.
- Next, identify the purchaser (lessor) by entering their name, address, phone number, and date of purchase. Don’t forget to include the purchaser's Illinois account ID number, FEIN, or SSN.
- If applicable, identify the lessee by entering their name, address, and phone number. This step is necessary if the purchaser is a lessor.
- List the item(s) you are purchasing or leasing. Specify the type of item(s) and provide the serial number(s) if required.
- Indicate how you will use the item(s) listed in the previous step. Check the appropriate box that corresponds to the use, as this is essential for exemption eligibility.
- If using this form as a blanket certificate, confirm that all or a specified percentage of purchases from the seller are exempt as stated in Step 5.
- Finally, sign and date the form to certify that the information provided is true and correct. Remember that this certification is important for processing the exemption.
Complete your exemption certificate online today to ensure compliance and benefit from the tax exemptions available.
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In Illinois, to be considered a farm, you typically need to cultivate at least 10 acres of land, though smaller operations can also qualify depending on their agricultural output. For tax purposes and applying for the IL DoR ST-587, you should clearly document your agricultural activities and production levels. Knowing these details will streamline the application process and ensure compliance with state regulations.
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