Ill. Admin. Code tit. 86, § 150.325 - Charitable, Religious, Educational, and Senior Citizens Recreational Organizations as Buyers
a) The use tax
shall not apply to the use of tangible personal property purchased by a
governmental body, corporation, society, association, foundation, or
institution organized and operated exclusively for charitable, religious, or
educational purposes, or by a not-for-profit corporation, society, association,
foundation, institution, or organization that has no compensated officers or
employees and that is organized and operated primarily for the recreation of
persons 55 years of age or older. A limited liability company may qualify for
the exemption under this paragraph only if the limited liability company is
organized and operated exclusively for educational purposes.
[35 ILCS
105/3-5(4) ]
b)
On and after July 1,
1987, none of the entities noted in subsection (a) shall be entitled
to make tax-free purchases at retail unless it has an
active exemption identification number issued by the Department.
[35 ILCS
105/3-5(4) ]
Notes
Amended at 14 Ill. Reg. 6835, effective April 19, 1990
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