Trade Tax Coming for Car Sales

Trade Tax Coming for Car Sales

ILLINOIS (RFD) — Right now when you trade a car in for its value on a new or used car purchase the amount you get on the trade is totally exempt from sales tax. But that’s changing in 2020. Now only the first $10,000 of your trade will be used to avoid paying sales tax. Pete Sander, President of the Illinois Automobile Dealers Association, is worried about how it will impact car sales. He adds that car sales already contribute a big portion of the state’s sale tax revenue.

Sander says his group is lobbying lawmakers to change the law and will be working with them again the spring session.

Concert Calendar

James Taylor w/ Jackson Browne

James Taylor w/ Jackson Browne

December 4 @ 7:30 PM Legendary singer/songwriter James Taylor & His All-Star Band with special guest Rock and Roll Hall of Famer Jackson Browne and his band at Enterprise Center. ON SALE • Friday, August 27th @ 10am PRICES • $59.50, $79.50, $125.00 Click HERE to purchase tickets

Dream Theater

Dream Theater

POSTPONED!! Dream Theater with special guest Arch Echo at Stifel Theatre on Saturday, December 4th ON SALE • NOW PRICES • $24.50, $36.50, $51.50, $66.50 and $82 Click HERE to purchase tickets

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