Motor Vehicle Dealers Used Only Forms for Cook
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Effectively operating any organization involves using numerous formal documents for every operational scenario, which can be a challenge to find. To help you attain them more quickly, we've created an extensive online directory of legal form templates for Cook Motor Vehicle Dealers Used Only. We’ve arranged them based on regional criteria due to the fact we know industry polices vary by state. Just choose your state and find the template you need using the search tab.
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FAQ
Standard tax, title and license fees charged on a new vehicle in Illinois are as follows: Sales Tax: 7.25% (additional county taxes may also apply) Title Fee: $150. License and Registration Fee: $151.
INDIVIDUAL PURCHASER USE TAX TRANSACTION RETURN purchased at retail and titled or registered at an address within Cook County is subject to Use Tax. The tax rate is 1% (. 01) and must be remitted to the address shown above no later than 30 days from the date you purchased your vehicle.
If you want to be exempt from Illinois' new sales tax exemption when trading in a vehicle, buy a truck. Illinois will now no longer give a full exemption on the trade-in value of a car. Instead, Illinois' sales tax will apply to any trade-in vehicle worth more than $10,000.
9.5% in the city of Chicago. 8.25% in suburban Cook County. 7.25% outside of Cook County and Chicago. An additional $15 new vehicle county flat fee for cars and SUVs.
If you're buying a new or used car, it's important to know the taxes and fees you may have to pay. Illinois tax on new and used vehicles is generally 6.25% but can vary by location.
The maximum amount that Illinois dealers can charge in 2022 for documentary preparation fees is $324.24, the Illinois attorney general's office announced Dec. 10. The $20.64 increase over the 2021 maximum fee reflects a 6.8% rise in the federal Consumer Price Index for the 12-month period ending Nov.