What should I file if I am leasing a vehicle from an out-of-state leasing company?

What should I file if I am leasing a vehicle from an out-of-state leasing company?

As the owner of the vehicle, the lessor is liable for Illinois Use Tax and responsible for filing and paying tax using Form RUT-25  when the vehicle is brought into Illinois.  However, you, the lessee, may assume this responsibility.  If you do so, you should attach a copy of the bill of sale or other proof of the purchase price.  Other proof may be in the form of a letter from the leasing company or selling dealer, a fair market valuation from a licensed dealer, or a copy of the lease agreement. 

Submit a question