Illinois Administrative Code
Title 86 - REVENUE
Part 150 - USE TAX
Subpart L - BOOKS AND RECORDS
Section 150.1315 - Consequence of Not Complying with Requirement of Collecting Use Tax Separately From the Selling Price
Universal Citation: 86 IL Admin Code ยง 150.1315
Current through Register Vol. 48, No. 12, March 22, 2024
An important consequence of not complying with the requirement of stating the Use Tax separately from the selling price of the property in a manner authorized by this Regulation is the retailer's loss of the benefit of the deduction for a tax-collected item on his tax return form.
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