86 Ill. Adm. Code 150.1315 — Consequence of Not Complying with Requirement of Collecting Use Tax Separately From the Selling Price

# Consequence of Not Complying with Requirement of Collecting Use Tax Separately From the Selling Price

TITLE 86: REVENUE CHAPTER I: DEPARTMENT OF REVENUE PART 150 USE TAX SECTION 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 Price 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)

Section 150.1315 Consequence of Not Complying with Requirement of Collecting Use Tax Separately From the Selling Price

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)