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On November 8, 2016, Illinois voters approved the Illinois Transportation Taxes and Fees Lockbox Amendment, a legislatively referred constitutional amendment that prohibits lawmakers from using transportation funds for anything other than their stated purpose.
If you spend $7,000 on a car and an additional $1,000 on improvements, but you sell the car for $7,000, it's considered a capital loss, and you don't need to pay tax on the sale.
As 1993–2001 base, but with a screened blue compass graphic in the center containing a map of the contiguous U.S. with the area of the Louisiana Purchase highlighted "Louisiana Purchase Bicentennial 1803-2003" screened in blue centered at bottom ABC 123 KLL 000 to approximately MSN 999 Limited-run plate to commemorate the 200th anniversary of ...
A portion of the revenue from the plates goes to the New Jersey State Department of Health's Animal Population Control Program. [77] Some states where stock car racing is popular issue special NASCAR-themed plates; a NASCAR fan can purchase a plate with the name and car number of his or her favorite driver, along with the state-issued ...
Generally, you can either get a partial credit of $3,750 for a new electric vehicle purchase, the full $7,500 credit or $4,000 for a used EV tax credit. It’s a one-time credit, meaning you can ...
When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).
Illinois lawmakers approved a 66% increase in the state's income tax in the final hours of the Legislature's session. Lawmakers raised the state income tax to 5% from 3% in a bid to close the ...
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