Jan 03, 2022 09:00 AM
Thanks to a new law effective Jan. 1, 2022, retail vehicle buyers now receive the full tax credit on trade-ins. This new provision, part of Senate Bill 58 that was supported by both the Chicago Automobile Trade Association (CATA) and Illinois Automotive Dealers Association, reverses the $10,000 cap that was set in 2020 as part of Gov. Pritzker’s Rebuild Illinois capital infrastructure plan.
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