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IL SB4073
Bill
Status
Introduced
2/24/2026
Primary Sponsor
Jil Tracy
Click for details
AI Summary
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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.
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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.
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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