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Exemptions if one of the following exemptions applies the tax due is 0.
Illinois car tax. Illinois private party vehicle use tax step 6 line 1 other transaction types that may be reported on form rut 50 are listed below along with the required tax amount due. At the time you apply for an illinois title with the secretary of state for a vehicle you purchased leased or acquired by gift or transfer you are required to submit either payment of tax or proof that no tax is due before your vehicle can be titled. St 58 reciprocal non reciprocal vehicle tax rate chart january 2020 residents of states other than illinois may not claim the nonresident purchaser exemption section 5 box a of form st 556 sales tax transaction return on purchases of motor vehicles or trailers that will be titled in a state that does not give illinois residents a nonresident purchaser exemption on their purchases in. Here the term vehicle refers to cars trucks vans motorcycles atvs.
For example a 1000 cash rebate may be offered on a 10000 car meaning that the out of pocket cost to the buyer is 9000. The vehicle use tax must be paid within 30 days and must be paid when you apply for a title or registration. Illinois tax on new and used vehicles is generally 625 but can vary by location. Prior to 2020 illinois did not collect a sales tax on a cars trade in value unless the vehicle was worth more than 20000.
A license renewal sticker starts at 101. If you need to obtain the forms prior to registering the vehicle send us an email request or call our 24 hour forms order line at 1 800 356 6302. See form rut 25 for the appropriate rate if the address for the title or registration is in one of these counties. You are allowed credit for sales taxes paid to another state.
Form rut 50 private party vehicle use tax transaction return. Include in your request your name and mailing. The vehicle registration fee is 150. However if you pay tax to another state at less than the illinois rates you must pay illinois the difference.
What is my tax obligation when i apply for title in illinois. Vehicle use tax rut 25 and. 3 in the nation. Use tax rates are 625 of the purchase price of general merchandise and 1 of the purchase price of qualifying food drugs and medical appliances.
The purchaser is a tax exempt organization. The vehicle use tax is the same rate as the sales tax. Most counties in illinois have a 65 percent sales tax rate but cook dupage kane lake mchenry will st. Form rut 50 is generally obtained when you license and title your vehicle at the local drivers license facility or currency exchange.
Under the new law only the first 10000 in trade in value can be. Illinois taxes vehicle purchases before rebates or incentives are applied to the price which means that the buyer in this scenario will pay taxes on the vehicle as if it cost the full 10000. Illinois motor fuel tax increase went into effect july 1 doubling the state gas tax to 38 cents and making illinois pain at the pump no.
