- Published: Friday, August 13, 2021 04:11 PM
SPRINGFIELD – Registration fees for small trailers will be $36, a significant decrease from the current $118, thanks to a measure sponsored by Assistant Majority Leader Tony Munoz (D-Chicago) that was signed into law today.
“A lot of good times start with a trailer, and especially after the year Illinoisans have had, it’s a great time to lower the up-front cost,” Munoz said. “The previous amount was extremely high, and now people can spend that money on any of the fun activities they’re going to use that trailer for, rather than on the fee.”
The new law classifies all trailers weighing 2,000 pounds or less as “utility trailers” and sets the utility trailer registration fee at $36. Fees were increased on these trailers in 2019 as a part of the Rebuild Illinois capital infrastructure plan.
The measure applies only to trailers primarily designated for personal use.
The legislation also removes the $10,000 cap on sales tax credits on vehicle trade-ins. The cap, which has been in effect since 2020, required sales tax to be applied to any trade-in with a value above $10,000, costing residents hundreds of dollars more when purchasing a new vehicle.
“This measure is key to helping motorists feel that they are not throwing away cash when trading in a car,” Munoz said. “As we look to recover from the economic effects of the pandemic, it’s important we continue to save residents money, especially on things like travel and recreation.”
The law takes effect Jan. 1, 2022.