Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
§ 5.6. Receipts for the purchase of new and unused property.
(a) An unused property merchant must maintain receipts for the purchase of new and unused property purchased or acquired on or after the effective date of this amendatory Act of the 91st General Assembly. The receipts must contain the following information:
(1) the date of the transaction;
(2) the name and address of the person, corporation, or entity from whom the new and unused property was acquired;
(3) an identification and description of the new and unused property acquired;
(4) the price paid for the new and unused property; and
(5) the signature of the seller and buyer of the new and unused property.
(b) It is a violation of this Section for an unused property merchant required to maintain receipts under the provisions of this Section to knowingly:
(1) falsify, obliterate, or destroy the receipts;
(2) refuse or fail to make the receipts available for inspection upon request within a period of time that is reasonable under the individual circumstances surrounding the request; however, the unused property merchant is not required to possess the receipt on or about his or her person without reasonable notice; or
(3) fail to maintain the receipts required by this Section for at least 2 years.
(c) The provisions of this Section shall not apply to the following:
(1) the sale of a motor vehicle or trailer that is required to be registered or is subject to the certificate of title laws of this State;
(2) the sale of livestock, ice, or wood for fuel;
(3) business conducted in any industry or association trade show;
(4) property, although never used, whose style, packaging, or material clearly indicates that the property was not produced or manufactured recently;
(5) a person who sells by sample, catalog, or brochure for future delivery;
(6) the sale of arts or crafts or other merchandise by the person who produced those arts or crafts or other merchandise or by a person or persons acting on his or her behalf; or
(7) a person who makes sales presentations pursuant to a prior, individualized invitation issued to the consumer by the owner or legal occupant of the premises.
Cite this article: FindLaw.com - Illinois Statutes Chapter 225. Professions,Occupations and Business Operations § 465/5.6. Receipts for the purchase of new and unused property - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-225-professionsoccupations-and-business-operations/il-st-sect-225-465-5-6/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)