Illinois Statutes
§ 15-15 — Rate of tax
Illinois § 15-15
JurisdictionIllinois
TopicGOVERNMENT
Ch. 35REVENUE
Act 35 ILCS 158/Watercraft Use Tax Law.
Art.Article 15 -
This text of Illinois § 15-15 (Rate of tax) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
35 Ill. Comp. Stat. 15-15 (2026).
Text
The rate of tax is 6.25% of the purchase price for each purchase of watercraft that is subject to tax under this Law. When an ownership share of a watercraft is acquired, the tax is imposed on the purchase price of that share. All owners are jointly and severally liable for any tax due as a result of the purchase, gift, or transfer of an ownership share of the watercraft.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Source: P.A. 93-840, eff. 7-30-04.)
Nearby Sections
15
§ 15-1
Short title§ 15-100
§ 15-100§ 15-103
Bi-State Development Agency§ 15-105
Park and conservation districts§ 15-110
Municipal building corporations§ 15-115
Municipal power agencies§ 15-120
Municipal natural gas agencies§ 15-125
Parking areas§ 15-141
Water commission property§ 15-143
§ 15-143Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 15-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/35/15-15.