GIFTED/TRANSFERRED VEH TAX

Summary

The bill amends the Illinois Vehicle Code to extend the $15 privilege tax on motor vehicle transfers to include grandparents and grandchildren of the transferor. It applies to vehicles acquired by gift, transfer, or purchase when the recipient is a grandparent or grandchild. The change expands the group of family members subject to the low‑rate tax and directs the revenue to existing state funds.

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