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 Illinois Department of Revenue St 556 Sales Tax 2020-2025

St 556 PDF 2020-2025 Form

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Video instructions and help with filling out and completing Illinois Department Of Revenue St 556 Sales Tax Form

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Instructions and help about st 556

business guide 360 empowering entrepreneurs what is sales tax on a car in Illinois in Illinois the sales tax on a car is a key factor in the vehicle purchasing process when you buy a car you will pay a sales tax based on the purchase price the state of Illinois has a base sales tax rate of 6.25% for Motor Vehicles however this is just the state rate local jurisdictions can add their own sales taxes which can vary some areas may have a total sales tax rate exceeding 10% when combining state and local taxes therefore it is crucial to check the specific rate in your locality the sales tax applies to both new and used cars if you buy a vehicle from a dealer they will typically calculate and collect the sales tax at the time of purchase if you purchase from a private seller you will need to report the purchase to the Illinois Department of Revenue and pay the tax when you register the vehicle additionally Illinois allows for certain exemptions for instance if you are trading in a vehicle th

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