Ill. Admin. Code tit. 86, § 130.505 - Returns and How to Prepare
a)
Returns shall be filed on forms prescribed and furnished by the Department. It
is the duty of the taxpayer to obtain forms, and failure to obtain them will
not be an excuse for failure to file returns when and as required by
law.
b) In determining the amount
of the tax, taxpayers should not include in their return receipts from sales:
1) of intangible personal property, such as
shares of stocks, bonds, evidences of interest in property, corporate or other
franchises and evidences of debt, and
2) of real property, such as lands and
buildings that are permanently attached to the land.
Notes
Amended at 3 Ill. Reg. 46, p. 52, effective November 2, 1979
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.