Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE86. REVENUE |
PART150. USE TAX |
SUBPARTL. BOOKS AND RECORDS |
§150.1315. Consequence of Not Complying with Requirement of Collecting Use Tax Separately From the Selling Price
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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.
(Source: Amended and effective August 21, 1974)