IL SB2027

Creates a rebuttable presumption that the nonresident motor vehicle tax exemption does not apply when the purchaser is a limited liability company (LLC) with an Illinois resident member, though this can be rebutted with evidence such as out-of-state insurance or storage location

Eliminates the rolling stock tax exemption for limousines that operate under the Transportation Network Providers Act (rideshare services like Uber and Lyft), effective July 1, 2025

Exempts motor vehicles purchased for resale by retailers registered under the Retailers' Occupation Tax Act from the motor vehicle privilege tax

Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, Retailers' Occupation Tax Act, and Illinois Vehicle Code

Takes effect immediately upon becoming law