New Illinois Trade-In Tax Coming in 2020

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

New Illinois Vehicle Taxes

  • New trade-In tax will start 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

Illinois has already doubled gas prices in 2019, but that's apparently not enough. Illinois is planning to significantly increase vehicle registration fees, plus legislators are adding a new tax on cars being traded-in. Add your voice to the opposition of even higher vehicle ownership costs!

Trade-In Appraisal

We offer KBB's easy-to-use trade-in appraisal tool. In less than a minute, you can get a trade-in offer for your old car. With the pending trade-in tax increase, now is a great time to shop.
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