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... Illinois. In Illinois, certain items may be exempt from the sales tax to all consumers, not just tax-exempt purchasers.. Illinois will now no longer give a full exemption on the trade-in value of a car. There are some other loopholes, too. Illinois is a member of the Streamlined Sales and Use Tax Agreement, an interstate consortium with the goal of making compliance with sales taxes as simple as possible in member states.. Because Illinois is a member of this agreement, buyers can use the Multistate Tax Commission (MTC) Uniform Sales Tax Certificate when making qualifying sales-tax-exempt purchases from vendors in Illinois. Residents can get a one year Special Military Exemption from the payment of vehicle license tax and registration fees. Instead, Illinois’ sales tax will apply to any trade-in vehicle worth more than $10,000. The vehicle must be titled and registered in the military member’s name or titled jointly with a spouse or lineal relative. Sales Tax Exemptions in Illinois . The applicant has either owned the vehicle for longer than 12 months or provides evidence of a sales tax paid to another state. The credit will be reflected on the bill, but the leased vehicle remains fully taxable on any remaining assessed value in … An exemption from payment of sales tax may apply when a member of the US military, who is a permanent Florida resident, stationed outside of Florida, purchases a motor vehicle or vessel outside of Florida and titles and registers the vehicle or vessel in Florida. Vehicles leased by a qualified military service member and/or spouse will receive a 100% state vehicle tax subsidy (PPTRA) as a tax credit on the first $20,000 of assessed value. SALES TAX EXEMPTION. What personal property taxes are required in Virginia? While the Illinois sales tax of 6.25% applies to most transactions, there are certain items that may be exempt from taxation. You do not need to pay the sales tax if you are disabled. Make sure to display a tax exemption placard on your vehicle to show your status. This page discusses various sales tax exemptions in Illinois. Illinois collects a 7.25% state sales tax rate on the purchase of all vehicles. In addition to state and county tax, the City of Chicago has a 1.25% sales tax. There also may be a documentary fee of 166 dollars at some dealerships. This is a State of Illinois tax exemption on the “assessed value of real property for which federal funds have been used for the purchase or construction of specially adapted housing for as long as the Veteran, or the spouse, or unmarried surviving spouse resides on the property.” You may subtract tax-exempt military pay that is in your AGI, including . Motor vehicles registered in Tennessee are exempt from sales and use tax if purchased by certain active military members stationed in Tennessee. 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