Legislators Consider Changing Auto Leasing Tax



A bill being considered in the Illinois House could lower the tax on leasing a car.
 
Unlike most states, if you lease a car in Illinois, you have to pay tax on the full purchase price.  Under the proposal, customers would instead pay tax only on their monthly payment.  Auto dealers say that will make leasing more attractive to car shoppers.
 
The Illinois Department of Revenue supports the change, saying the state won’t lose out on any tax revenue.  

Filed Under :  
Topics : Business_Finance
Social :
Locations : Illinois
On-Air Now
Local Weather
Archive
  Powered By InterTech Media, LLC