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Form RUT-75 is generally obtained when you license and title your aircraft or watercraft at the appropriate state agency, i.e., the Illinois Department of Transportation (for aircraft) or the Illinois Department of Natural Resources (for watercraft).
The use of the watercraft in Illinois is already taxed under the Illinois Use Tax Act. For example, the watercraft is purchased from an out-of-state retailer. This type of transaction is taxed and reported on Form RUT-25, Use Tax Transaction Return.
If you acquire an aircraft or watercraft by gift, donation, transfer, or non-retail purchase, you must file Form RUT-75, Aircraft/ Watercraft Use Tax Transaction Return. “ Aircraft ” includes airplanes, helicopters, hot-air balloons, ultra lights, gliders, blimps, dirigibles, seaplanes, and anything else
At the time you apply for an Illinois title or registration with the Illinois Department of Natural Resources for a watercraft you purchased or leased, you are required to submit either payment of tax or proof that no tax is due before your watercraft can be titled or registered.
Download Form Rut-75 Instructions Aircraft/watercraft Use Tax Transaction Return - Illinois In Pdf - The Latest Version Of The Instructions Is Applicable For 2022. See How To Fill Out The Aircraft/watercraft Use Tax Transaction Return - Illinois Online And Print It Out For Free.
Utilize the Tax Rate Database for more information on taxes administered by IDOR. Go to Service.
This form is authorized by the Illinois Aircraft Use Tax Act and Illinois Watercraft Use Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could result in penalties.
