- Watercraft rentals are not subject to the Illinois automobile renting tax.
- Boats are not considered automobiles as they are not used on highways.
- Boats are exempt from general sales tax on leases and rentals.
- Taxpayers who mistakenly paid the automobile renting tax on watercraft can file for a credit.
- Taxpayers must refund the tax to customers before claiming a credit.
- Illinois Department of Revenue is the organization mentioned.
Source: vitallaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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