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Illinois Department of RevenueST587Exemption Certificate (for Manufacturing, Production Agriculture, and Coal and Aggregate Mining)Step 1:Identify the seller must keep this certificate. Name Address

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How to fill out st-587 equipment exemption certificate

01

Begin by obtaining Form ST-587 Equipment Exemption Certificate.

02

Fill in the heading with your business's name and address.

03

Provide the date of the exemption certificate.

04

Identify the equipment you are seeking exemption for by itemizing them.

05

For each item, provide a detailed description, including the make, model, and serial number.

06

Indicate the purchase price and the date of acquisition for each item.

07

Calculate and enter the total purchase price of all items.

08

Sign the certificate and include your title and contact information.

09

Keep a copy of the completed certificate for your records.

10

Submit the original form to the appropriate taxing authority as required.

Who needs st-587 equipment exemption certificate?

01

Any business or individual who intends to claim an exemption from Illinois Retailers' Occupation Tax and Use Tax on qualifying equipment purchases made for use in manufacturing, assembling, or processing tangible personal property needs the ST-587 Equipment Exemption Certificate.

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What is st-587 equipment exemption certificate?

The ST-587 equipment exemption certificate is a form used to claim an exemption from sales tax on qualifying equipment purchases.

Who is required to file st-587 equipment exemption certificate?

Businesses purchasing qualifying equipment for exempt use are required to file the ST-587 equipment exemption certificate.

How to fill out st-587 equipment exemption certificate?

The ST-587 equipment exemption certificate must be completed with the purchaser's information, vendor's information, description of the equipment purchased, and the reason for claiming the exemption.

What is the purpose of st-587 equipment exemption certificate?

The purpose of the ST-587 equipment exemption certificate is to provide proof that the purchaser is eligible for sales tax exemption on qualifying equipment purchases.

What information must be reported on st-587 equipment exemption certificate?

The ST-587 equipment exemption certificate requires information such as purchaser's name, address, Illinois account ID, vendor's name, equipment description, purchase date, and exemption reason.

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