New Illinois 2020 Trade-In Tax Coming Jan 1st 2020

New Illinois Car Sales Tax
New Illinois Trade In Sales Tax Example

New Illinois Vehicle Taxes

  • New Trade-In Tax Will Begin Jan. 1st 2020
  • SB 690 was signed June 28th by Gov. J.B. Pritzker
  • IL sales tax will be applied to trade-in value above $10,000
  • New tax is expected to cost Illinoisans $60 million a year
  • House Bill 3890 and House Bill 3891 would reverse this new tax before it goes into effect
  • Illinois gas taxes were already doubled July 1st 2019
  • Illinois registration fees are also increasing in 2020
  • Enough is enough, please let your local representatives know!

Help Repeal Senate Bill 690

Click the link above for the easiest way to contact your local representatives and make sure your voice is heard. First the doubling of Illinois' gas tax, then the increase in Illinois vehicle registration fees, and now a double tax on trading in your old vehicle.

Trade-In Appraisal

We offer an easy online trade-in appraisal. Get the True Market Value® of your vehicle in less than a minute. Powered by Edmunds. If you're thinking about trading-in your old vehicle, now is a great time before the new tax takes effect.