Ill. Admin. Code tit. 86 § 150.325

Current through Register Vol. 48, No. 49, December 6, 2024

Section 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) ]

Ill. Admin. Code tit. 86, § 150.325

Amended at 14 Ill. Reg. 6835, effective April 19, 1990

Amended at 48 Ill. Reg. 6836, effective 4/24/2024