Ill. Admin. Code. tit 86, § 150.1315 - Consequence of Not Complying With Requirement of Collecting Use Tax Separately From the Selling Price

Section 150.1315 - Consequence of Not Complying With Requirement of Collecting Use Tax Separately From the Selling PriceSection 150.1315 - Consequence of Not Complying With Requirement of Collecting Use Tax Separately From the Selling Price

Section 150.1310 - Use of Signs to Prove Collection of Tax as a Separate Item Section 150.1320 - Incorporation by Reference

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)

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