Instructions for Form RUT-7 Rolling Stock Certification for Motor Vehicles and Trailers (And Repair and Replacement Parts) Purchased on or After August 24, 2017 - Illinois

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

This document contains official instructions for Form RUT-7 , Rolling Stock Certification for Motor Vehicles and Trailers (And Repair and Replacement Parts) Purchased on or After August 24, 2017 - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form RUT-7 is available for download through this link.

FAQ

Q: What is Form RUT-7?
A: Form RUT-7 is a certification form used in Illinois for motor vehicles and trailers purchased on or after August 24, 2017.

Q: What does Form RUT-7 certify?
A: Form RUT-7 certifies that a motor vehicle, trailer, or repair/replacement parts were purchased for use as rolling stock.

Q: When should I use Form RUT-7?
A: You should use Form RUT-7 when purchasing rolling stock, including motor vehicles, trailers, and repair/replacement parts, in Illinois on or after August 24, 2017.

Q: Do I need to submit Form RUT-7 with my purchase?
A: Yes, you need to submit Form RUT-7 to the seller or lessor at the time of purchase.

Q: Can I use Form RUT-7 for purchases made before August 24, 2017?
A: No, Form RUT-7 is only applicable for purchases made on or after August 24, 2017.

Q: What information is needed on Form RUT-7?
A: Form RUT-7 requires information such as the buyer's name, address, and tax identification number, as well as details of the purchased rolling stock.

Q: Are there any exemptions to using Form RUT-7?
A: Yes, there are exemptions for certain types of rolling stock, such as off-road vehicles and vehicles purchased for leasing.

Q: What happens if I don't submit Form RUT-7?
A: Failure to submit Form RUT-7 may result in penalties or additional taxes.