Menu
Log in


Virus halts effort to repeal trade-in cap

Friday, March 20, 2020 7:07 PM | Anonymous
The coronavirus that is disrupting personal and professional affairs across the globe can count another victim: the Illinois General Assembly.
 
No hearings are scheduled in either the state Senate or House of Representatives through May 31, when the bodies ordinarily adjourn their spring sessions.
 
Senate Bill 2481 has enjoyed unanimous support in two roll-call votes. A third affirmative vote would send the bill to the state House. Gov. JB Pritzker has voiced his backing.
 
The cap took effect Jan. 1 following moves last spring to find funding for the $45 billion state capital infrastructure plan sought by Pritzker. Under the bill, infrastructure projects would instead be funded, in part, by increasing the sales tax charged in private vehicle sales, based on vehicle age and selling price.
 
In other news from Springfield, under proposed state legislation, drivers could obtain a registration permit from the Illinois Secretary of State that is valid for 90 days instead of the current term of 30 days. The longer-lasting permit would carry a $13 fee.
 
But the future of Senate Bill 3197 is in doubt, with state lawmakers recessed during the current pandemic outbreak. According to the General Assembly’s 2020 schedule, bills in hope of becoming law must pass out of committee by March 27. SB 3197 currently is before the Senate Transportation Committee.
 


Chicago Automobile Trade Association
18W200 Butterfield Rd.
Oakbrook Terrace, IL 60181 
(630) 495-2282

EMAIL US

Copyright © Chicago Automobile Trade Association.

Powered by Wild Apricot Membership Software