Kishwaukee Auto Corral, Inc. v. Illinois Department of Revenue

Plaintiff, a used car dealership, sells cars via installment loan contracts and is thus both a retailer and a lender. Cash basis retailers such as Plaintiff, that prepay Retailers' Occupation Tax (ROT) on goods sold through installment contracts are entitled to take as a deduction the amount charged off by the retailer. Thus, Plaintiff is entitled to a refund of paid ROT on vehicles sold through installment contracts that ended in the buyers' default. (HYMAN and WALKER, concurring.)