auto leasing

Statehouse
12:56 pm
Mon November 4, 2013

Car Dealers Push To Change Leasing Tax

Credit Flickr user oldbrochures

The price of leasing a car in Illinois could be lowered under a proposal before the Illinois General Assembly. Automobile dealers say leasing in Illinois has lagged behind other states.

If you were to lease a car today, chances are you'd be charged for tax on the full value of the vehicle, just like if you were buying it.

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