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Who pays personal property replacement taxes?

Answer #243 -- ( Published 08/23/2005 11:04 AM | Updated 07/12/2017 10:41 AM )

Who pays personal property replacement taxes?

Corporations (Form IL-1120, Corporation Income and Replacement Tax Return, filers), partnerships (Form IL-1065, Partnership Replacement Tax Return, filers), trusts (Form IL-1041, Fiduciary Income and Replacement Tax Return, filers), S corporations (Form IL-1120-ST, Small Business Corporation Replacement Tax Return, filers), and public utilities pay these taxes.

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