The Illinois Department of Revenue Jan. 1 released Form RUT-25-LSE-X, Amended Use Tax Return for Lease Transactions, for sales and use tax purposes. Taxpayers must use the form to report the use tax due on a motor vehicle, watercraft, aircraft, trailer, mobile home, snowmobile, or all-terrain vehicle that was leased through an unregistered out-of-state dealer or retailer and that is required to be titled or registered in Illinois. The form includes step-by-step instructions for completing the form. [Ill. Dep’t of Revenue, Form RUT-25-LSE-X, Amended Use Tax Return for Lease Transactions, Instructions, 01/01/24]
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