Yes. Illinois law allows a retailer to claim a discount of 1.75 (.0175) percent of the sales and use tax collected, provided the retailer timely files its Form ST-1, Sales and Use Tax and E911 Surcharge Return, and pays the applicable tax by the due date.
NOTE: If you are an
annual Form ST-1 filer and you have timely filed your return and paid the applicable tax on time, you are entitled to a discount of 1.75 percent of the sales and use tax collected or $5, whichever amount is greater. This discount amount is not refundable should it exceed your tax due on receipts.
Form ST-1 filers reporting the Prepaid Wireless E911 Surcharge and the Illinois Telecommunications Access Corporation (ITAC) Assessment on Schedule B also are entitled to a separate discount of 3 percent (.03) of the E911 Surcharge and ITAC Assessment reported as long as the return is filed and the surcharge and assessment due are paid by the due date.