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News – Thursday, June 26, 2025
FY 2025-30, Changes Related to Motor Vehicle Transactions for Automobile Dealers
Public Act (P.A.) 104-0006 amends the Retailers’ Occupation Tax Act, the Use Tax Act, the Service Occupation Tax Act, the Service Use Tax Act, and the Illinois Vehicle Code to:
- add a presumption that the nonresident purchaser (drive-away permit) exemption claimed on Forms ST-556 and ST-556-LSE does not apply to transactions where the purchaser is a limited liability company (LLC), and a member of the LLC is a resident of Illinois (effective June 16, 2025);
- provide that motor vehicles purchased for resale from private parties (non-retailers) by retailers registered under Section 2a of the Retailers’ Occupation Tax Act are exempt from the Private Party Vehicle Use Tax (effective June 16, 2025); and
- change the rolling stock exemption for limousines to exclude vehicles subject to the provisions of the Transportation Network Providers Act (effective July 1, 2025).
See FY 2025-30, Changes Related to Motor Vehicle Transactions for Automobile Dealers, for more information.