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Synopsis As Introduced Amends the Illinois Vehicle Code with regard to new and used vehicle dealer license fees. Provides that the fee varies according to the number of vehicles sold by the dealer during the previous year. Provides that a dealer's license application shall indicate the number of vehicles sold by the dealer the previous year, supported by documentation prescribed by the Secretary of State. Sets a new schedule of license fees for new and used vehicle dealers, including one fee for the applicant's established place of business and a lower fee for each additional place of business, if any, to which the application pertains. Effective immediately.
Deletes language pertaining to new vehicle dealers. Provides that, for used vehicle dealers that were not in business the previous year, the annual cost of a license shall be $1,000 for the applicant's primary place of business and $100 for each additional place of business, if any. Provides that, if the license application is made after June 15 of any year, the license fee shall be $500 for the applicant's primary place of business and $50 for each additional place of business, if any.
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