It covers the Retailers' Occupation Tax (ROT), the Use Tax (UT), the Service Occupation Tax (SOT), and the Service Use Tax (SUT) and includes an analysis of the similarities and differences between these taxes.
What does ROT stand for?
ROT stands for Retailers' Occupation Tax (Illinois, USA)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of ROT
We have 60 other meanings of ROT in our Acronym Attic
- Reign of Tatooine (gaming clan)
- Reign of Terror (band, and also a gaming clan)
- Remaining Operating Time
- Remotely Operated Tool
- Republic of Texas (biker rally)
- Republic of Turkey
- Residue Off-Site Treatment
- Resource Occupancy Time
- Restraint of Trade
- Results Oriented Thinking
Samples in periodicals archive:
SECURITY The 2012A bonds are secured by taxes imposed by the State of Illinois (the state) pursuant to the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailer's Occupation Tax Act, the Non-Home Rule Municipal Retailers' Occupation Tax Act and the Non-Home Rule Municipal Service Occupation Tax Act; and by a pledge of ad valorem taxes levied against all taxable property within the village without limitation as to rate or amount.
The city receives the retailers' occupation tax and service occupation taxes without state appropriation but the use tax and service use tax are subject to appropriation by the Illinois General Assembly.