86 Ill. Adm. Code 151.110
Title Application – Returns and Payment
Section 151
Section 151.110 Title
Application – Returns and Payment
a)
The purchaser shall file a return signed by the purchaser
with the Department of Revenue on a form prescribed by the Department.
b)
Such return and payment from the purchaser shall be submitted
to the Department after the sale and shall be a condition to securing the title
to the motor vehicle from the Secretary of State.
Section 3-1002 of the
Illinois Vehicle Title & Registration Law (Ill. Rev. Stat. 1987, ch. 95½,
par. 3-1002). Such return and payment from the purchaser or transferee shall be
submitted to the Department no later than 30 days after the sale or transfer of
the vehicle.
c) When the applicable tax depends upon the "model age"
of the vehicle, such "model age" shall be calculated on the date of
title application.
d) The "model age" of the vehicle shall be determined
by subtracting the model year of the vehicle from the year of the date of title
application.