Sales Tax Articles
Sales Tax State Activity Update - November 2007
Rollin', Rollin', Rollin' – Limousines Added to Illinois Rolling Stock Exemption
Effective August 28, 2007, limousines used in interstate commerce may qualify for the rolling stock exemption under Illinois Sales and Use Tax Statutes.
Those affected should thoroughly read exactly which vehicles qualify for exemption. Generally speaking, trips or mileage of limousines for which persons or property are carried for hire between points in Illinois may be used to qualify for the exemption if the journey of the passenger or shipment of the property either originates or terminates outside Illinois.
Additionally, there are two qualifying methods either based on trips or miles. One method must be chosen when registering or titling the vehicle. One must then use the limousine in a qualifying manner for each consecutive 12-month period from the initial title or registration date, whichever is later. Once made, the qualifying method cannot be changed.
The full text can be accessed on the Illinois Department of Revenue Website.
(Illinois Department of Revenue Informational Bulletin 2008-03, October 2007)
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