Prairie State Wire

Public Act 104-0006 introduces amendments to several tax acts and the Illinois Vehicle Code, impacting motor vehicle transactions for automobile dealers. The changes address exemptions and tax applications related to vehicle sales.

The act adds a presumption that the nonresident purchaser exemption, claimed on Forms ST-556 and ST-556-LSE, does not apply when the purchaser is a limited liability company (LLC) with an Illinois resident as a member. This change took effect on June 16, 2025.

Additionally, motor vehicles purchased for resale from private parties by retailers registered under Section 2a of the Retailers’ Occupation Tax Act are now exempt from the Private Party Vehicle Use Tax. This provision also became effective on June 16, 2025.

Furthermore, the rolling stock exemption for limousines has been altered to exclude vehicles subject to the Transportation Network Providers Act. This change will be effective starting July 1, 2025.

For more detailed information regarding these changes, refer to FY 2025-30 updates related to motor vehicle transactions for automobile dealers.