Illinois Administrative Code › Title 86 - REVENUE › Part 180 - AUTOMOBILE RENTING OCCUPATION TAX › Subpart C - RETURNS › Section 180.140 - Monthly Tax Returns - When Due - Contents

Current through Register Vol. 48, No. 28, July 12, 2024
a) On or before the twentieth day of each
				calendar month, every person engaged in the business of renting automobiles in
				this State during the preceding calendar month shall file a return with the
				Department for such preceding month, stating the name of the rentor; his
				residence address and the address of the principal place of business (if that
				is a different address) from which he engages in the business of renting
				automobiles in this State. Under the same circumstances set out in 86 Ill. Adm.
				Code
				130.510,
				the Department may authorize the filing of returns on an annual basis. However,
				all taxpayers are required to file monthly returns unless specifically
				authorized to file on an annual basis.
b) The return shall:
1) disclose total receipts for the month from
				the renting of automobiles; and
2)
				itemize deductions authorized by law:
A)
				receipts from rentals to governmental bodies (federal, State, local or foreign)
				or to any organization which is exclusively charitable, religious or
				educational, or to any not-for-profit organization which has no compensated
				officers or employees and which is organized and operated primarily for the
				recreation of persons 55 years or older;
B) receipts from rentals of automobiles under
				lease terms of more than one year;
C) receipts from rental transactions which
				are within the protection of the Commerce Clause of the Constitution of the
				United States;
D) receipts from
				rentals of automobiles under lease terms of one year or less to rentees who
				will re-rent those automobiles to others under lease terms of one year or
				less;
E) receipts from rentees in
				consideration of waivers of claims for loss or damage to automobiles
				rented;
F) receipts from separately
				stated charges for insurance;
G)
				receipts from separately stated charges for recovery of refueling costs;
				and
H) any other deductions
				authorized by law; however, no deduction may be taken on account of the cost of
				the property rented, the cost of materials used, labor or service or any other
				expense whatsoever.
3)
				disclose total deductions authorized by law;
4) disclose total receipts from taxable
				transactions, including amounts collected from rentees in the form of
				Automobile Renting Use Tax or passed on because of the Automobile Renting
				Occupation Tax or passed on because of local Automobile Renting Occupation
				Taxes (i.e., Municipal, County, Regional Transportation Authority or Metro East
				Mass Transit District Automobile Renting Occupation Taxes);
5) deduct the amount collected from rentees
				in the form of Automobile Renting Use Tax or passed on because of the
				Automobile Renting Occupation Tax or passed on because of local Automobile
				Renting Occupation Taxes;
6)
				disclose the rental receipts subject to tax;
7) disclose the amount of State tax
				due;
8) disclose the balance of tax
				due; and
9) disclose the amount of
				penalty (if any) that is due and the total of the tax and penalty
				due.