so here is the deal. I'm buying a car in Las Vegas private sale for use in Las Vegas. I can title it in NV and there is no sales tax however I would need to get a valid NV drivers license and according to their DMV I can only hold 1 valid state license at a time so my Illinois license would be voided.
Now I'm thinking well if it's not much to reg the vehicle here in Illinois and not deal with the red tape of residency of Vegas why not just do it here. Looking at the illinois DMV requirements for registration of private party sold vehicles there is a stipulations for exemption that states
Anybody ever try to reg a car and use this exception?
http://tax.illinois.gov/Businesses/TaxInformation/Sales/vehicle.htm
Now I'm thinking well if it's not much to reg the vehicle here in Illinois and not deal with the red tape of residency of Vegas why not just do it here. Looking at the illinois DMV requirements for registration of private party sold vehicles there is a stipulations for exemption that states
The following motor vehicles may be exempt from tax with proper documentation:
Vehicles given as estate gifts to surviving spouses
Vehicles purchased by government, charitable, educational, and religious organizations for their use
Rolling stock
Vehicles purchased by out-of-state residents who use them outside of Illinois for more than three months
Farm implements
Ready-mix concrete trucks
Vehicles purchased specifically for the purpose of donating to an exempt organization operated exclusively for educational purposes
Vehicles purchased in an insurance replacement settlement
Certain second division motor vehicles and trailers if the Commercial Distribution Fee administered by the Secretary of State is paid.
Anybody ever try to reg a car and use this exception?
http://tax.illinois.gov/Businesses/TaxInformation/Sales/vehicle.htm