Join Date: Sep 2010
Location: St Louis
Ferrari Life Posts: 10,022
You guys need to read the very first line of the pdf document.
If you sell items that must be titled or registered by an agency of Illinois state government — vehicles, watercraft, aircraft, trailers, and mobile homes — at retail in Illinois, you must report these sales on Form ST-556, Sales Tax Transaction Return.
In other words - if you are NOT registering or titling your vehicle in Ill you do not have to pay Ill tax.
Nonresidents may not claim the “out-of-state” buyer exemption (Section 5, Box A of Form ST-556, Sales Tax Transaction Return) on purchases of motor vehicles or trailers that will be titled in a state that does not give Illinois residents an “out-of-state” buyer exemption on their purchases in that state of motor vehicles or trailers that will be titled in Illinois (i.e., there is no reciprocal exemption).
Unless the buyer is looking for exempt status and wants to title in Ill but living in another state the one above does not apply either.
BGC is full of beans!
All these bs laws came about due to Illinois does not have a personal property tax.
People in many states leave their private jest etc. in states that do not collect personal property - so the state makes the dealer accountable for collection if and only if the property is registered in Ill at the time of sale.
There are law firms and car brokers that will register an LLC in Alaska which means no taxes at all - but who wants to drive around with Alaska plates!
Last edited by champagne612; 01-10-2013 at 04:34 PM.