RUT-7 Form PDF Details

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.

QuestionAnswer
Form NameRUT-7 Form
Form Length1 pages
Fillable?Yes
Fillable fields37
Avg. time to fill out7 min 43 sec
Other namesinterstate i rut, rut 7 form illinois, stock rolling vehicle, rut 7 department of revenue il

Form Preview Example

Name (please print)
Date
_______________________________________________________
Business name
This form is authorized as outlined by the Retailers’ Occupation Tax Act, related tax acts, and the Vehicle Use Tax Act. Disclosure of this information is required. Failure to keep this information in your books and records could result in disallowing a deduction that was claimed.
_______________________________________________________
Blanket certification for this and future purchases (mark one):
1 I certify that 100 percent of the purchases that I make from this seller qualify for the rolling stock exemption.
2 I certify that ______ percent of the bulk purchases that I
make from this seller qualify for the rolling stock exemption.

Illinois Department of Revenue

RUT-7 Rolling Stock Certification for Motor Vehicles and Trailers (and Repair and Replacement Parts) Purchased on or after August 24, 2017

Retailers and Purchasers: Keep a copy of this certification in your records as proof of the exemption claimed.

Step 1: Identify the purchaser

Name: _______________________________________________________________________________________________________

 

 

 

(

)

Address: _______________________________________________________________________________________________________

Number and street or post office box

City

State

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: _______________________________________________________________________________________________________

 

 

 

(

)

Address: _______________________________________________________________________________________________________

Number and street or post office box

City

State

ZIP

Telephone number

 

 

 

 

 

 

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: _____________________________________________________________________________________

_____________________________________________________________________________________________________________

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 RUT-7 if purchasing multiple items in a single transaction and all items qualify for the rolling stock exemption.

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.

_______________________________________________________

Signature

RUT-7 (R-09/17)

Printed by authority of the State of Illinois - Web only