The Rut 7 form, a critical document authorized under the Retailers’ Occupation Tax Act, related tax acts, and the Vehicle Use Tax Act, serves a pivotal role in the realm of tax exemptions for vehicles and trailers (and their repair and replacement parts) purchased on or after August 24, 2017, in Illinois. Designed to facilitate the rolling stock exemption, this form requires detailed disclosures from purchasers, including personal and business information, purchase descriptions, and the nature of use that qualifies for the exemption. Essential for both retailers and purchasers, the form mandates accurate records, under penalty of perjury, to substantiate claimed deductions and ensure compliance with state tax regulations. It intricately details steps from identification of the purchaser to certification of the purchase's eligibility for the exemption, emphasizing the importance of maintaining these records. The RUT-7 form embodies the intricate balance between regulatory requirements and the facilitation of commerce, ensuring that businesses claiming the rolling stock exemption adhere to stipulated guidelines while benefiting from tax-related relief.
Question | Answer |
---|---|
Form Name | RUT-7 Form |
Form Length | 1 pages |
Fillable? | Yes |
Fillable fields | 37 |
Avg. time to fill out | 7 min 43 sec |
Other names | interstate i rut, rut 7 form illinois, stock rolling vehicle, rut 7 department of revenue il |
Illinois Department of Revenue
Retailers and Purchasers: Keep a copy of this certification in your records as proof of the exemption claimed.
Step 1: Identify the purchaser
Name: _______________________________________________________________________________________________________
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Address: _______________________________________________________________________________________________________ |
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Number and street or post office box |
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ZIP |
Telephone number |
If the purchaser is a lessor who will lease the item described in Step 3, also complete Step 2; otherwise go directly to Step 3.
Step 2: If the purchaser is a lessor, identify the lease customer — If not a lease, go to Step 3.
Name: _______________________________________________________________________________________________________
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Address: _______________________________________________________________________________________________________ |
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Number and street or post office box |
City |
State |
ZIP |
Telephone number |
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Step 3: Describe the purchase — Enter the date of purchase and check the applicable box to indicate whether the item purchased is a motor vehicle or trailer or repair and replacement parts for a motor vehicle or trailer.
Date of purchase: ______/______/_____________
Purchases of motor vehicles and trailers
Year, make, and model: _________________________________________________________________________________________
Vehicle identification no.: __________________________________________________________________________________________
Purchases of repair and replacement parts for motor vehicles and trailers
Description of items purchased: _____________________________________________________________________________________
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Step 4: Confirm that the purchase qualifies for the rolling stock exemption
Check each box to confirm that this purchase meets the criteria to qualify for the rolling stock exemption.
The motor vehicle or trailer will be used to transport persons or property for hire.
Carrier who will utilize the item holds an active USDOT number. Enter USDOT No.: ______________________________
Carrier Operation listed as “INTERSTATE.”
Operation Classification listed as follows: (choose one)
___ “AUTHORIZED FOR HIRE”
___ “EXEMPT FOR HIRE”
___ Both “AUTHORIZED FOR HIRE” and “EXEMPT FOR HIRE.”
(For motor vehicles only) The gross vehicle weight rating exceeds 16,000 pounds.
For purchases of repair and replacement parts, also complete the following.
Single purchase of one or multiple items (mark one):
1 I certify that this purchase qualifies for the rolling stock exemption.
2 I certify that ______ percent of this bulk purchase
qualifies for the rolling stock exemption.
Note: Update blanket certification at least every 3 years.
Note: You may use a single Form
Step 5: Certification
I certify that the purchased item(s) will be used as, or attached to, rolling stock to haul persons or property for hire in interstate commerce and qualifies for the rolling stock exemption. Under penalties of perjury, I state that I have examined this certification and, to the best of my knowledge, it is true, correct, and complete.
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Signature
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