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IL SB3609
Bill
Status
5/13/2022
Primary Sponsor
David Koehler
Click for details
AI Summary
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Establishes a $25 title fee rebate for buyers of vehicles manufactured in Illinois, applicable to passenger vehicles (excluding autocycles, motor driven cycles, and pedalcycles) and second division vehicles weighing 8,000 pounds or less
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Limits the rebate to one per qualifying vehicle for its lifetime, with applications required within one year of the vehicle's manufacture date
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Revises delinquent vehicle dealer transfer fees beginning 90 days after the Act's effective date: $10 fee for titles received 45-60 days after sale, $20 fee for 60-90 days, $65 fee for 90-120 days, and $100 fee for 120+ days
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Requires dealers to execute title assignments within 20 days of transferring a vehicle to another person
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Directs all delinquent dealer transfer fees to be deposited into the CDLIS/AAMVAnet/NMVTIS Trust Fund
Legislative Description
VEH CD-REGISTRATION DISCOUNT
Last Action
Public Act . . . . . . . . . 102-0845
5/13/2022