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IL SB4073

Bill

Status

Introduced

2/24/2026

Primary Sponsor

Jil Tracy

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Amends the Illinois Vehicle Code to expand the $15 reduced tax rate for motor vehicles transferred between family members to include stepparents, grandparents, stepgrandparents, stepsiblings, stepchildren, and stepgrandchildren.

  • Currently, the $15 tax applies to transfers between spouses, parents, siblings, and children; without this change, transfers to step-relatives and grandparents/grandchildren would be subject to the standard tax rates ranging from $100 to $10,100 depending on vehicle age and selling price.

  • Introduced by Senator Jil Tracy on February 24, 2026, during the 104th General Assembly.

Legislative Description

GIFTED/TRANSFERRED VEH TAX

Last Action

Added as Co-Sponsor Sen. Donald P. DeWitte

3/10/2026

Committee Referrals

Assignments2/24/2026

Full Bill Text

No bill text available