IL HB3907 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 4 2019 - 25% progression, died in committee
Action: 2019-10-17 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on October 4 2019 - 25% progression, died in committee
Action: 2019-10-17 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Effective immediately.
Title
USE/OCC TX-TRADE IN
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-10-17 | House | Referred to Rules Committee |
| 2019-10-17 | House | First Reading |
| 2019-10-04 | House | Filed with the Clerk by Rep. Allen Skillicorn |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 105 | 2 | Amended Code | Citation Text |
| 35 | 120 | 1 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3907&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB3907.htm |
