Retailers' allowance for vehicle returns capped at $1,000 monthly starting January

Rubina Hafeez MBA Chief Economist | Official Website

By Prairie State Wire

Nov 14, 2024

For certain transaction returns due on or after January 1, 2025, involving vehicles with a delivery date on or after December 12, 2024, the retailers' allowance will be capped at $1,000 per month. This limitation is part of Public Act 103-592.

The change is outlined in FY Bulletin 2025-11, titled "Retailers’ Allowance for Certain Transaction Returns Capped at $1,000 Per Month." Further details can be found within this bulletin.

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Illinois Department of Revenue

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