Enlarge image | Use your 'Mouse' or the 'Tab key' to move through the fields and 'Mouse' or 'Space bar' to enable the checkboxes. Illinois Department of Revenue ST-16 Annual Report of Manufacturer’s REV 03 Form 063 Station 267 E S _____/_____/_____ Purchase Credit Earned NS CA Step 1: Identify your business 1 Business name _____________________________________ 4 Illinois account ID number __ __ __ __ - __ __ __ __ If you do not have an account ID number, check this box and write your federal employer identification number (FEIN). 2 Business address _____________________________________ __ __ - __ __ __ __ __ __ __ Street address __________________________________________________ __ 5 Write the purchase year: January through December __ __ __ __ City State ZIP This report is due by June 30 of the following year. Year 3 Business phone number (______)________________________ Step 2: Identify tax-exempt purchases of manufacturing or graphic arts machinery and equipment (Do not round your figures.) Note: After August 30, 2014, you can no longer earn Manufacturer’s Purchase Credit on purchases of tax-exempt manufacturing or graphic arts machinery and equipment. Your final report for Manufacturer’s Purchase Credit earned in 2014 on or before that date is due by June 30, 2015. A B C Month of exempt Purchase price Tax that would Amount of purchase of exempt items State tax rate have been due Percentage credit earned 1 January $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 2 February $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 3 March $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 4 April $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 5 May $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 6 June $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 7 July $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 8 August $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 9 September $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 10 October $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 11 November $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ 12 December $ ___________________ X .0625 = $ ___________________ X .50 = $ ___________________ Total $ ___________________ Total $ ___________________ (Column A) (Column C) Step 3: Sign below Under penalties of perjury, I state that I have examined this form and, to the best of my knowledge, it is true, correct, and complete. ______________________________________________________________(____)________________ __ __ /__ __ / __ __ __ __ Taxpayer’s signature Daytime phone number Date ______________________________________________________________(____)________________ __ __ /__ __ / __ __ __ __ Preparer’s signature Preparer’s name (Please print.) Daytime phone number Date This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this ST-16 (R-09/14) information is required. Failure to provide information may result in this form not being processed and may result in a penalty. Reset Print |
Enlarge image | General Information What is the Manufacturer’s Purchase Credit? If you create your own certification, that certification must be If you make tax-exempt purchases of manufacturing or graphic dated and include arts machinery and equipment, you are eligible to receive a • your name and address, credit. This credit, called the Manufacturer’s Purchase Credit • the purchase date, (MPC), can be applied against state sales or use tax on future • your Illinois account ID number, purchases of production-related tangible personal property • the MPC you are applying, and (including purchases by a manufacturer, graphic arts producer, • a statement that you are satisfying all or part of the Illinois Use or lessor who rents or leases the use of the property to a Tax or Service Use Tax liability (not to exceed 6.25 percent of manufacturer or graphic arts producer). This production-related the purchase price) with your accumulated MPC. tangible personal property includes items related to research and You may incorporate your own certification into your purchase development. order or you may use Form ST-16-C. If you use Form ST-16-C, Note: After August 30, 2014, you can no longer earn you must keep the bottom portion of the certificate and provide Manufacturer’s Purchase Credit on purchases of tax-exempt the top portion to the seller. The seller then reduces the amount manufacturing or graphic arts machinery and equipment. Your of Illinois Sales or Use Tax due up to 6.25 percent. You use your final report for Manufacturer’s Purchase Credit earned in 2014 on portion of Form ST-16-C to complete Form ST-17, Annual Report or before that date is due by June 30, 2015. of Manufacturer’s Purchase Credit Used. How do I earn and report the credit? You may also use the MPC to satisfy use or service use tax To earn and report this credit, you must complete and file liability that you owe on purchases of production-related tangible Form ST-16, Annual Report of Manufacturer’s Purchase Credit personal property from suppliers not registered in Illinois. Earned, no later than June 30 of the year following the calendar However, you must write the total amount of MPC you are using year in which you made the original purchase of exempt on Line 16a of your Form ST-1, Sales and Use Tax Return. You manufacturing or graphic arts machinery and equipment. If you must also complete Form ST-17. do not file within this period, you forfeit the credit. Note: You may not transfer the credit to another party. All unused Manufacturer’s Purchase Credit expires the last day of Where can I get help? the second calendar year following the year in which you made You may get help by visiting our website at the purchase. tax.illinois.gov or calling weekdays between 8 a.m. and 5 p.m. at How do I use this credit? 1 800 732-8866 or 217 782-3336. Call 1 800 544-5304, our TDD When you purchase any production-related tangible personal (telecommunications device for the deaf). property, you must certify to your supplier that you have MPC available to satisfy all or part of your state use or service use tax liability. You may use Form ST-16-C, Manufacturer’s Purchase Credit Certificate, or equivalent certification. Specific Instructions Step 1: Identify your business Column B - Multiply the amount in Column A by 6.25 percent Lines 1, 2, and 3 - Write your business name, address, and (.0625) and write the result. This is the amount of tax that would telephone number. have been due if the item you purchased had not been exempt. Line 4 - Write your Illinois account ID number. If you do not have Column C - Multiply the amount in Column B by 50 percent (.50) an account ID number, check the box and write your FEIN in the and write the result. This is the amount of MPC earned for the space provided. purchases reported in Column A. Line 5 - Write the year for which exempt purchases were made. Totals - Add Lines 1 through 12 in Column A, and write the result This report is due by June 30 of the year following the calendar on the total line. Add Lines 1 through 12 in Column C, and write year in which you made the purchases. For example, the report the result on the total line. for purchase year 2014 is due on or before June 30, 2015. Step 3: Sign below Step 2: Identify exempt purchases (Do not round Sign your name, and write your telephone number and the date your figures.) on the lines provided. If this form is completed by a paid tax If you do not complete each column for each applicable line, we preparer, the preparer must also sign the appropriate line and will reduce or deny your credit. complete the requested information. Mail this form to: Column A - Write the total purchase price of all exempt SALES TAX PROCESSING DIVISION manufacturing machinery and equipment or graphic arts machinery ILLINOIS DEPARTMENT OF REVENUE and equipment you purchased for each month listed. This is the PO BOX 19034 amount that would have been taxable if it had not been for the SPRINGFIELD IL 62794-9034 manufacturing or graphic arts machinery and equipment exemption. If you did not make a purchase, write “$0”. ST-16 (R-09/14) |