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Scam Alert: Fake Texts and Websites Impersonating IDOR

Be alert for fraudulent messages or websites attempting to steal your banking information, login credentials, or credit card details. The Illinois Department of Revenue (IDOR) will never request personal or financial information via text message. To confirm official communications or contact details, always visit https://tax.illinois.gov.

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FY 2024-27, Rate Change for Out-of-State Depreciation on Motor Vehicle Use Tax, Effective July 1, 2024

News – Monday, June 3, 2024

For motor vehicles brought into Illinois on or after July 1, 2024, the presumed average life expectancy of such motor vehicle is 60 months, and the depreciation rate is 1.67 percent (.0167) for each whole month of out-of-State use.

See FY 2024-27, Rate Change for Out-of-State Depreciation on Motor Vehicle Use Tax, Effective July 1, 2024  for more information.

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