New Illinois Trade-In Tax Beginning Jan 1st, 2020

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

New Illinois Vehicle Tax Overview

  • New Trade-In Tax Will Begin 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

Help Repeal Senate Bill 690

With the doubling of gas taxes in July 2019, it is costing more to drive in Illinois. For 2020, Illinois is substantially increasing vehicle registration fees and adding a trade-in tax. Help us oppose another increase in car ownership costs.

Trade-In Appraisal

We offer an easy online trade-in appraisal. Get the True Market Value® of your vehicle in less than a minute. Powered by Edmunds. If you're thinking about trading-in your old vehicle, now is a great time before the new tax takes effect.