Bill Sponsors: IL SB0058 | 2021-2022 | 102nd General Assembly
Bill Title: Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, beginning on January 1, 2022, the term "selling price" no longer includes the value of traded-in motor vehicles. Amends the Illinois Vehicle Code. Defines "utility trailer". Provides for a flat weight trailer tax of $36 for utility trailers. Decreases the flat weight tax for Class TA trailers from $118 to $36. Increases the certificate of title fee for vehicles other than all-terrain vehicles, off-highway motorcycles, motor homes, mini motor homes, and van campers from $150 to $155 and provides that the additional fee amount shall be deposited into the Road Fund. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Effective January 1, 2022.
Spectrum: Bipartisan Bill
Status: (Passed) 2021-08-13 - Public Act . . . . . . . . . 102-0353 [SB0058 Detail]
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: (Passed) 2021-08-13 - Public Act . . . . . . . . . 102-0353 [SB0058 Detail]
Text: Latest bill text (Chaptered) [HTML]
