State Tax Day - Current, S.7, Illinois—Sales and Use Tax: Guidance Issued on Vehicle Leases, (Mar 25, 2026)
Organizations Mentioned:Illinois Department of Revenue
Illinois issued guidance that illustrates the sales tax obligations of:
vehicle dealerships and leasing companies for original lease transactions; and
leasing companies and lessees for sales of vehicles after the end of a lease.
PIO-124, Vehicle Leasing Process, Illinois Department of Revenue, March 2026