St 587 Form PDF Details

The Illinois Department of Revenue ST-587 Exemption Certificate plays a crucial role for businesses operating within the realms of manufacturing, production agriculture, and coal and aggregate mining. This certificate acts as a proof that no tax is due on the sale of machinery or equipment used primarily in these sectors, effective from July 1, 2019, including a broader range of production-related tangible personal property. It's imperative for sellers to retain this certificate as it may be requested to verify that a sale was tax-exempt. The form is structured to guide both sellers and purchasers through its completion, starting with identification details, moving through the specifics of the transaction, and ending with the necessity for the purchaser's signature under penalty of perjury. Notably, the ST-587 form can be used as a blanket certificate for ongoing exempt purchases from a single seller, simplifying the process for recurring transactions that qualify under the exemption criteria. The provisions outlined in the ST-587 are designed to encourage investment in productive assets within Illinois by alleviating the tax burden on qualifying purchases, offering a clear incentive for businesses to increase their operational capacity in these critical sectors of the economy.

QuestionAnswer
Form NameSt 587 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesst 587, st 587 tax exemption form, st 587 illinois, illinois st 587

Form Preview Example

Illinois Department of Revenue

ST-587 Exemption Certificate (for Manufacturing, Production Agriculture, and Coal and Aggregate Mining)

Step 1: Identify the seller

The seller must keep this certificate.

Name _______________________________________________

Address _______________________________________________

 

 

Number and street

 

Phone (_______)______________________________________

_____________________________________________________

 

City

State

ZIP

 

 

 

 

Step 2: Identify the purchaser (lessor)

Name ____________________________________________

Phone (_______)__________________________________

Address __________________________________________

Date of purchase ___ ___/___ ___/___ ___ ___ ___

 

Number and street

 

Month

Day

Year

_______________________________________________

Write the purchaser's Illinois account ID number, FEIN or SSN.

City

State

ZIP

Illinois account ID number ______________________________

 

 

 

FEIN ___________________ SSN ___________________

Step 3: Identify the lessee

Name _______________________________________________Address _______________________________________________

Number and street

Phone (_______)______________________________________

_____________________________________________________

 

City

State

ZIP

 

 

 

 

Step 4: Identify the item(s) you are purchasing (or leasing)

Type of item(s) _______________________________________________________________________________________________________

Serial number(s) _______________________________________________________________________________________________________

Step 5: Identify how you will use the item(s) listed in Step 4. Check the appropriate box. You must complete this step and also Step 6 if you are submitting this form as a blanket certificate.

I state that this item will be used

primarily in the manufacturing or assembling of tangible personal property for wholesale or retail sale or lease, including graphic arts production.

primarily in production agriculture.

primarily for coal and aggregate exploration and related mining, off-highway hauling, processing, maintenance, and reclamation, but excluding motor vehicles required to be registered under the Illinois Vehicle Code.

Step 6: Blanket Certificate Complete this step only if you are using this form as a blanket certificate. Check the appropriate box.

I am the identified purchaser, and I certify that

all of the purchases that I make from this seller are eligible for the exemption identified in Step 5.

the following percentage, ______ %, of all of the purchases that I make from this seller are eligible for the

exemption identified in Step 5.

Step 7: Sign below

Under penalties of perjury, I state that I have examined this certificate and, to the best of my knowledge, it is true, correct, and complete.

_______________________________________________________________________________________

__ __/__ __/__ __ __ __

Purchaser’s signature

Date

You may photocopy this form or you may obtain additional forms by visiting our website at tax.illinois.gov.

ST-587 (R-12/19)

This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this information is required. Failure to provide information may result in this form not being processed and may result in a penalty.

ST-587 Exemption Certificate (for Manufacturing, Production Agriculture, and Coal and Aggregate Mining)

General Information

When is an Exemption Certificate required?

Generally, an Exemption Certificate is required for proof that no tax is due on any sale that is made tax-free as a sale of machinery or equipment used in graphic arts production, manufacturing machinery, equipment, and tangible personal property to be used primarily in manufacturing or assembling of tangible personal property, production agriculture, or coal and aggregate mining. Effective July 1, 2019, the manufacturing machinery and equipment exemption includes production related tangible personal property, such as supplies and consumables including fuels, coolants, solvents, oils, lubricants, and adhesives, hand tools, protective apparel, and fire and safety equipment, primarily used or consumed in a manufacturing process. The purchaser, at the seller’s request, must provide the information that is needed to complete this certificate.

Who keeps the Exemption Certificate?

The seller must keep the certificate. We may request it as proof that no tax was due on the sale of the specified items. Do not mail the certificate to us.

Can other forms be used?

Yes. You can use other forms or statements in place of this certificate but whatever you use as proof that an exempt sale of the qualified item was made must contain

the seller’s name and address;

the purchaser’s name and address;

a description of the property being purchased;

a statement that the property is being purchased for use primarily in (1) manufacturing or assembling of tangible personal property, (2) production agriculture, (3) coal and aggregate mining; and

the purchaser’s signature and date of signing.

Note: A purchase order signed by the purchaser may be used as an Exemption Certificate if it contains all of the previously stated required information.

When is a blanket Exemption Certificate used?

The purchaser may provide a blanket Exemption Certificate to any seller from whom all purchases made from the identified seller will be exempt. Qualified exemptions include items used:

primarily in the manufacturing or assembling of tangible personal property for wholesale or retail sale or lease, including graphic arts production.

primarily in production agriculture.

primarily for coal and aggregate exploration and related mining, off-highway hauling, processing, maintenance, and reclamation, but excluding motor vehicles required to be registered under the Illinois Vehicle Code.

A blanket certificate can also specify that a percentage of the purchases made from the identified seller will be exempt. In either instance, blanket certificates should be kept up-to-date. If a specified percentage changes, a new certificate should be provided. Otherwise, all certificates should be updated at least every three years.

Specific Instructions

Step 1: Identify the seller

Provide the seller's name, address, and phone number on the lines provided.

Step 2: Identify the purchaser (lessor)

Provide the purchaser's (lessor's) name, address, phone number, and date of purchase on the lines provided. You must also write the purchaser's identification number on the corresponding line.

Step 3: Identify the lessee

If the purchaser is a lessor, provide the lessee's name, address, and phone number on the lines provided.

If the purchaser is not a lessor, leave this step blank and continue to Step 4.

Step 4: Identify the item(s) you are purchasing (leasing)

This includes machinery and repair/replacement parts. Provide the type of item(s) and serial number(s) on the lines provided.

Step 5: Identify how you will use the item(s) listed in Step 4

Check the appropriate box to indicate how the equipment will be used. You must complete this step if you are submitting this form as a blanket certificate.

Step 6: Blanket Certificate

Complete this step only if you are using this form as a blanket certificate.

Step 7: Sign Below

The purchaser must sign and date the form.

Printed by authority of the State of Illinois. Web only — one copy ST-587 (R-12/19)

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st 587 tax form writing process shown (part 1)

2. Your next step would be to submit all of the following blank fields: Step, Identify the items you are, Type of items Serial numbers, Step this step and also Step if, Identify how you will use the, I state that this item will be used, primarily in the manufacturing or, Step Blanket Certificate Complete, all of the purchases that I make, Step Sign below, and Under penalties of perjury I state.

Step  Sign below, Identify how you will use the, and Identify the items you are inside st 587 tax form

3. In this step, take a look at Under penalties of perjury I state, Purchasers signature, Date, You may photocopy this form or you, ST R, and This form is authorized as. Each one of these should be taken care of with greatest awareness of detail.

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