625 ILCS 5/3-1001
2021 Illinois Compiled Statutes|Chapter 625 - VEHICLES|625 ILCS 5/ - Illinois Vehicle Code.|Chapter 3 - Certificates Of Title And Registration Of Vehicles

 (from Ch. 95 1/2, par. 3-1001)Sec. 3-1001. A tax is hereby imposed on the privilege of using, in this  State, any motor vehicle as defined in Section 1-146 of this Code acquired by  gift, transfer, or purchase, and having a year model designation preceding the  year of application for title by 5 or fewer years prior to October 1, 1985 and  10 or fewer years on and after October 1, 1985 and prior to January 1, 1988.  On and after January 1, 1988, the tax shall apply to all motor vehicles without  regard to model year.  Except that the tax shall not apply(i) if the use of the motor vehicle is otherwise     taxed under the Use Tax Act;(ii) if the motor vehicle is bought and used by a     governmental agency or a society, association, foundation or institution organized and operated exclusively for charitable, religious or educational purposes;(iii) if the use of the motor vehicle is not subject     to the Use Tax Act by reason of subsection (a), (b), (c), (d), (e) or (f) of Section 3-55 of that Act dealing with the prevention of actual or likely multistate taxation;(iv) to implements of husbandry;(v) when a junking certificate is issued pursuant to     Section 3-117(a) of this Code;(vi) when a vehicle is subject to the replacement     vehicle tax imposed by Section 3-2001 of this Act;(vii) when the transfer is a gift to a beneficiary in     the administration of an estate and the beneficiary is a surviving spouse.Prior to January 1, 1988, the rate of tax shall be 5% of the selling  price for each purchase of a motor vehicle covered by Section 3-1001 of  this Code.  Except as hereinafter provided, beginning January 1, 1988 and until January 1, 2022, the  rate of tax shall be as follows for transactions in which the selling price  of the motor vehicle is less than $15,000:    Number of Years Transpired After Applicable Tax     Model Year of Motor Vehicle   1 or less $390   2 290   3 215   4 165   5 115   6 90   7 80   8 65   9 50   10 40   over 10 25    Except as hereinafter provided, beginning January 1, 1988 and until January 1, 2022, the rate of  tax shall be as follows for transactions in which the selling price of the  motor vehicle is $15,000 or more:    Selling Price Applicable Tax   $15,000 - $19,999 $ 750   $20,000 - $24,999 $1,000   $25,000 - $29,999 $1,250   $30,000 and over $1,500  Except as hereinafter provided, beginning on January 1, 2022, the rate of tax shall be as follows for transactions in which the selling price of the motor vehicle is less than $15,000:(1) if one year or less has transpired after the     model year of the vehicle, then the applicable tax is $465;(2) if 2 years have transpired after the model year     of the motor vehicle, then the applicable tax is $365;(3) if 3 years have transpired after the model year     of the motor vehicle, then the applicable tax is $290;(4) if 4 years have transpired after the model year     of the motor vehicle, then the applicable tax is $240;(5) if 5 years have transpired after the model year     of the motor vehicle, then the applicable tax is $190;(6) if 6 years have transpired after the model year     of the motor vehicle, then the applicable tax is $165;(7) if 7 years have transpired after the model year     of the motor vehicle, then the applicable tax is $155;(8) if 8 years have transpired after the model year     of the motor vehicle, then the applicable tax is $140;(9) if 9 years have transpired after the model year     of the motor vehicle, then the applicable tax is $125;(10) if 10 years have transpired after the model year     of the motor vehicle, then the applicable tax is $115; and(11) if more than 10 years have transpired after the     model year of the motor vehicle, then the applicable tax is $100.Except as hereinafter provided, beginning on January 1, 2022, the rate of tax shall be as follows for transactions in which the selling price of the motor vehicle is $15,000 or more:(1) if the selling price is $15,000 or more, but less     than $20,000, then the applicable tax shall be $850;(2) if the selling price is $20,000 or more, but less     than $25,000, then the applicable tax shall be $1,100;(3) if the selling price is $25,000 or more, but less     than $30,000, then the applicable tax shall be $1,350;(4) if the selling price is $30,000 or more, but less     than $50,000, then the applicable tax shall be $1,600;(5) if the selling price is $50,000 or more, but less     than $100,000, then the applicable tax shall be $2,600;(6) if the selling price is $100,000 or more, but     less than $1,000,000, then the applicable tax shall be $5,100; and(7) if the selling price is $1,000,000 or more, then     the applicable tax shall be $10,100. For the following transactions, the tax rate shall be $15 for each  motor vehicle acquired in such transaction:(i) when the transferee or purchaser is the spouse,     mother, father, brother, sister or child of the transferor;(ii) when the transfer is a gift to a beneficiary in     the administration of an estate and the beneficiary is not a surviving spouse;(iii) when a motor vehicle which has once been     subjected to the Illinois retailers' occupation tax or use tax is transferred in connection with the organization, reorganization, dissolution or partial liquidation of an incorporated or unincorporated business wherein the beneficial ownership is not changed.A claim that the transaction is taxable under subparagraph (i) shall be  supported by such proof of family relationship as provided by rules of the  Department.For a transaction in which a motorcycle, motor driven cycle or moped is acquired the tax rate shall be $25.On and after October 1, 1985 and until January 1, 2022, 1/12 of $5,000,000 of the moneys received  by the Department of Revenue pursuant to this Section shall be paid each  month into the Build Illinois Fund; on and after January 1, 2022, 1/12 of $40,000,000 of the moneys received  by the Department of Revenue pursuant to this Section shall be paid each  month into the Build Illinois Fund; and the remainder shall be paid into the General  Revenue Fund.The tax imposed by this Section shall be abated and no longer imposed  when the amount deposited to secure the bonds issued pursuant to the Build  Illinois Bond Act is sufficient to provide for the payment of the principal  of, and interest and premium, if any, on the bonds, as certified to the  State Comptroller and the Director of Revenue by the Director of the  Governor's Office of Management and Budget.  (Source: P.A. 102-353, eff. 1-1-22.)