Full Text of HB3660 101st General Assembly
HB3660 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB3660 Introduced , by Rep. Robert Martwick SYNOPSIS AS INTRODUCED: |
| 625 ILCS 5/3-1001 | from Ch. 95 1/2, par. 3-1001 |
|
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.
|
| |
| | A BILL FOR |
|
| | | HB3660 | | LRB101 10595 HLH 55701 b |
|
| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Vehicle Code is amended by changing | 5 | | Section 3-1001 as follows:
| 6 | | (625 ILCS 5/3-1001) (from Ch. 95 1/2, par. 3-1001)
| 7 | | Sec. 3-1001. A tax is hereby imposed on the privilege of | 8 | | using, in this
State, any motor vehicle as defined in Section | 9 | | 1-146 of this Code acquired by
gift, transfer, or purchase, and | 10 | | having a year model designation preceding the
year of | 11 | | application for title by 5 or fewer years prior to October 1, | 12 | | 1985 and
10 or fewer years on and after October 1, 1985 and | 13 | | prior to January 1, 1988.
On and after January 1, 1988, the tax | 14 | | shall apply to all motor vehicles without
regard to model year. | 15 | | Except that the tax shall not apply
| 16 | | (i) if the use of the motor vehicle is otherwise taxed | 17 | | under the Use Tax
Act;
| 18 | | (ii) if the motor vehicle is bought and used by a
| 19 | | governmental agency or a society, association, foundation | 20 | | or institution
organized and operated exclusively for | 21 | | charitable, religious or
educational purposes;
| 22 | | (iii) if the use of the motor vehicle is not subject to | 23 | | the Use Tax Act by
reason of subsection (a), (b), (c), (d), |
| | | HB3660 | - 2 - | LRB101 10595 HLH 55701 b |
|
| 1 | | (e) or (f) of Section 3-55 of that Act
dealing with the | 2 | | prevention of actual or likely multistate taxation;
| 3 | | (iv) to implements of husbandry;
| 4 | | (v) when a junking certificate is issued pursuant to | 5 | | Section 3-117(a)
of this Code;
| 6 | | (vi) when a vehicle is subject to the replacement | 7 | | vehicle tax imposed
by Section 3-2001 of this Act;
| 8 | | (vii) when the transfer is a gift to a beneficiary in | 9 | | the
administration of an estate and the beneficiary is a | 10 | | surviving spouse.
| 11 | | Prior to January 1, 1988, the rate of tax shall be 5% of | 12 | | the selling
price for each purchase of a motor vehicle covered | 13 | | by Section 3-1001 of
this Code. Except as hereinafter provided, | 14 | | beginning January 1, 1988, the
rate of tax shall be as follows | 15 | | for transactions in which the selling price
of the motor | 16 | | vehicle is less than $15,000:
|
|
17 | | Number of Years Transpired After |
Applicable Tax |
|
18 | | Model Year of Motor Vehicle |
|
|
19 | | 1 or less |
$390 |
|
20 | | 2 |
290 |
|
21 | | 3 |
215 |
|
22 | | 4 |
165 |
|
23 | | 5 |
115 |
|
24 | | 6 |
90 |
|
25 | | 7 |
80 |
|
26 | | 8 |
65 |
|
|
| | | HB3660 | - 3 - | LRB101 10595 HLH 55701 b |
|
| |
4 | | Except as hereinafter provided, beginning January 1, 1988 and | 5 | | through December 31, 2019 , the rate of
tax shall be as follows | 6 | | for transactions in which the selling price of the
motor | 7 | | vehicle is $15,000 or more:
|
|
8 | | Selling Price |
Applicable Tax |
|
9 | | $15,000 - $19,999 |
$ 750 |
|
10 | | $20,000 - $24,999 |
$1,000 |
|
11 | | $25,000 - $29,999 |
$1,250 |
|
12 | | $30,000 and over |
$1,500 |
|
13 | | Except as hereinafter provided, beginning January 1, 2020, the | 14 | | rate of tax shall be as follows for transactions in which the | 15 | | selling price of the motor vehicle is $15,000 or more: |
|
16 | | Selling Price |
Applicable Tax |
|
17 | | $15,000 - $19,999 |
$750 |
|
18 | | $20,000 - $24,999 |
$1,000 |
|
19 | | $25,000 - $29,999 |
$1,250 |
|
20 | | $30,000 - $49,999 |
$2,000 |
|
21 | | $50,000 - $99,999 | $2,500 | |
22 | | $100,000 - $999,999 | $5,000 | |
23 | | $1,000,000 and over | $10,000 |
| 24 | | For the following transactions, the tax rate shall be $15 for | 25 | | each
motor vehicle acquired in such transaction:
| 26 | | (i) when the transferee or purchaser is the spouse, |
| | | HB3660 | - 4 - | LRB101 10595 HLH 55701 b |
|
| 1 | | mother, father,
brother, sister or child of the transferor;
| 2 | | (ii) when the transfer is a gift to a beneficiary in | 3 | | the administration
of an estate and the beneficiary is not | 4 | | a surviving spouse;
| 5 | | (iii) when a motor vehicle which has once been | 6 | | subjected to the Illinois
retailers' occupation tax or use | 7 | | tax is transferred in connection with the
organization, | 8 | | reorganization, dissolution or partial liquidation of an
| 9 | | incorporated or unincorporated business wherein the | 10 | | beneficial ownership
is not changed.
| 11 | | A claim that the transaction is taxable under subparagraph | 12 | | (i) shall be
supported by such proof of family relationship as | 13 | | provided by rules of the
Department.
| 14 | | Until January 1, 2020, for For a transaction in which a | 15 | | motorcycle, motor driven cycle or moped is acquired the tax | 16 | | rate shall be $25. For transactions on or after January 1, | 17 | | 2020, the tax rate for motorcycles, motor driven cycles, and | 18 | | mopeds shall be the same as for all other motor vehicles.
| 19 | | On and after October 1, 1985, 1/12 of $5,000,000 of the | 20 | | moneys received
by the Department of Revenue pursuant to this | 21 | | Section shall be paid each
month into the Build Illinois Fund | 22 | | and the remainder into the General
Revenue Fund.
| 23 | | The tax imposed by this Section shall be abated and no | 24 | | longer imposed
when the amount deposited to secure the bonds | 25 | | issued pursuant to the Build
Illinois Bond Act is sufficient to | 26 | | provide for the payment of the principal
of, and interest and |
| | | HB3660 | - 5 - | LRB101 10595 HLH 55701 b |
|
| 1 | | premium, if any, on the bonds, as certified to the
State | 2 | | Comptroller and the Director of Revenue by the Director of the
| 3 | | Governor's Office of Management and Budget.
| 4 | | (Source: P.A. 96-554, eff. 1-1-10.)
| 5 | | Section 99. Effective date. This Act takes effect January | 6 | | 1, 2020.
|
|