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If someone gives you a boat as a gift how much sales tax would you pay to register it in Illinois?
Wiki User
∙ 11y ago
You would have to pay 6.25% of the "fair market value". You can look up the current value on NADA's website.
Wiki User
∙ 11y ago
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If someone gives you a car as a gift how much sales tax would you pay to register it in Illinois?
If the car is worth less than $15,000, there is a Private Vehicle Use Tax that is needed to be paid. It is only $15, and should be paid to the Illinois Department of Revenue with filling out form RUT-50 sales tax form. Hope that helps!
If someone gives you a car as a gift how much sales tax would you pay to register in Florida?
You should not have to pay sales taxes in Florida if it was a gift. Cloud Chaserz
In Illinois do you have to pay sales tax at the dealer for a used car?
If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax. If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement you will pay the sales tax when your register the car.
What school gives the best sales training?
Schools that give the best sales training include Columbia University and University of Illinois.
What sales tax on autos purchased in Il when you live in Fl?
Florida is going to want you to pay the sales tax in Florida (and, of course, Illinois is going to want you to pay the sales tax in Illinois). If you immediately register the car in Florida, you are going to have to pay sales tax there (and can probably get out of paying it in Illinois). If you register it in Illinois first, then you'll probably have to pay tax in both locations. The only state I definitively know the rules for is Massachusetts, where you must pay sales tax on any car you have owned for less than a year when you first register it there. They tried to make me pay sales tax on my car in MA when I moved there since I was registering it in February 1992 and had purchased it in February 1991, but fortunately the specific dates of purchase showed I'd owned it for 367 days, and I got out of paying the sales tax.
Do you have to pay sales tax when purchasing a used boat from a private party seller in Georgia and you live in Illinois?
The taxation will come when you register the boat.
What is the sales tax for Barrington Illinois in Cook County?
what is the sales tax on a used car in barrington illinois
What is the auto sales tax rate in Kankakee county Illinois?
what is sales tax on new auto in kankakee,illinois
What is the Illinois car sales tax rate?
at percantage of the cost of a new car is the sales tax in the state of Illinois?
What sales tax rate do you use if you buy a car in Illinois and live in Wisconsin?
If you're buying a car out of state, you'll pay sales tax when you register the car in your home state. Most dealers can handle registrations in other states, too.
What is the sales tax for Deerfield Illinois?
The sales tax is 8.00%
What sales tax rate would you use if you buy a car in Illinois but live in Texas?
Illinois, because Illinois has made the sale; therefore, Illinois must charge you and pay the sales tax.
