Joyce Introduces Bill to Lower Some Trailer License Fees from $118 to $36

https://ift.tt/2TBjkt0

A Grundy County lawmaker sponsored a bill to lower license fees for small trailers. Senator Patrick Joyce (D-Essex) is co-sponsoring Senate Bill 58, which creates a new registration class for small trailers, lowering the cost of the fee for licensing a small trailer from $118 to $36.

“The fee hike on one class of trailer license plates is unfair and unacceptable, which is why I supported legislation to create a more reasonable registration system,” Joyce said. “By reversing the increase, we can give Illinois residents the chance to keep more of their hard-earned money in their pockets.”

The legislation designates all trailers that weigh 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 had 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.

“Saving residents money is more critical than ever before, as we move into economic recovery from the COVID-19 pandemic,” Joyce said. “I look forward to seeing this legislation signed into law so motorists can breathe a sigh of relief.”

Senate Bill 58 passed the General Assembly Monday.

News,Region: South Suburbs,Region: Joliet

via http://www.wspynews.com – RSS Results of type article https://ift.tt/2PqPULT

June 2, 2021 at 03:08PM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s