Page 567

(vii) when the transfer is a gift to a beneficiary in the administration of an estate and the beneficiary is a surviving spouse; (viii) if the motor vehicle is purchased for the purpose of resale by a retailer registered under Section 2a of the Retailers' Occupation Tax Act. Prior to January 1, 1988, the rate of tax shall be 5% of the selling price for each purchase of a motor vehicle covered by Section 3-1001 of this Code. Except as hereinafter provided, beginning January 1, 1988 and until January 1, 2022, the rate of tax shall be as follows for transactions in which the selling price of the motor vehicle is less than $15,000: Number of Years Transpired After Applicable Tax Model Year of Motor Vehicle 1 or less $390 2 290 3 215 4 165 5 115 6 90 7 80 8 65 9 50 10 40 over 10 25 Except as hereinafter provided, beginning January 1, 1988 and SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468