{"data":{"id":"us-il/35-ilcs-158-15-15","jurisdiction":"us-il","citation":"35 ILCS 158/15-15","heading":"Rate of tax.","body":"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.","path":["CHAPTER 35 REVENUE","Watercraft Use Tax Law."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2601\u0026ChapterID=8\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:20Z","sha256":"3877e59e12b868a86e05f80fd6157ce208605e28ae8c468f7be781702c468808","source_id":"us-il","stale":false,"prev":"us-il/35-ilcs-158-15-10","next":"us-il/35-ilcs-158-15-20"},"notice":"GroundRules: Original legal text. Not legal advice."}