Motor Vehicle Lessor Tax (7575)
Municipal Code Reference: | 3-48 |
CAPS Code Reference: | 1002920051987 |
Tax Return Form Code: | Form 7575 |
Procedure: | The Motor Vehicle Lessor Tax applies to businesses engaged in leasing motor vehicles, for use in Chicago, to a lessee on a daily or weekly basis. |
Tax Base: | $2.75 per vehicle per rental period |
Exemptions, Deductions and Credits: | The Motor Vehicle Lessor Tax does not apply to government bodies which are lessors or taxpayers subject to Ground Transportation Tax. The Ground Transportation taxpayer exemption is not available to a transportation network provider, transportation network driver, or transportation network vehicle owner. |
Rulings and Procedures: | Motor Vehicle Lessor Tax Ruling 1 |
Businesses registered for Motor Vehicle Lessor Tax with the Chicago Department of Finance.