ILLINOIS IMPOSING CAR TRADE-IN TAX ON JAN. 1; DEALERS CALL IT DOUBLE TAXATION
Remember what we said about Illinoisans getting increasingly squeezed by their government?
(From Illinois Policy)
Under Senate Bill 690, signed June 28 by Gov. J.B. Pritzker, state and local sales tax will be applied to any trade-in value above $10,000. The new tax is expected to cost Illinoisans $60 million a year – which was earmarked not for roads, but for vertical infrastructure such as new state buildings and renovations.