Bill Title: Amends the Illinois Vehicle Code. Increases the use tax rate for private sales of motor vehicles valued at $30,000 or more from a flat rate of $1,500 to the following rates: $2,000 for a vehicle valued from $30,000 to $49,999; $2,500 for a vehicle valued from $50,000 to $99,999; $5,000 for a vehicle valued from $100,000 to $999,999; and $10,000 for a vehicle valued at $1,000,000 or more. Provides that the same motorcycles, motor driven cycles, and mopeds are subject to the same rates as other motor vehicles (currently a flat rate of $25 is imposed regardless of value). Effective January 1, 2020.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3660 Detail]

Text: Latest bill text (Introduced) [HTML]

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