IL HB3945 | 2019-2020 | 101st General Assembly

Status

Spectrum: Slight Partisan Bill (Republican 6-2)
Status: Introduced on October 29 2019 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-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). Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Provides that the tax on motorcycles, motor driven cycles, and mopeds shall be the same as for all other motor vehicles. Effective immediately.

Tracking Information

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Title

USE/OCC TAX-VEHICLE TRADE IN

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-02-27HouseTo Sales, Amusement & Other Taxes Subcommittee
2020-02-25HouseAdded Co-Sponsor Rep. Thomas M. Bennett
2020-02-18HouseAssigned to Revenue & Finance Committee
2019-12-18HouseAdded Co-Sponsor Rep. Brad Halbrook
2019-11-25HouseAdded Chief Co-Sponsor Rep. Michael Halpin
2019-11-25HouseAdded Chief Co-Sponsor Rep. Dan Brady
2019-11-25HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
2019-11-25HouseAdded Chief Co-Sponsor Rep. Tony McCombie
2019-11-25HouseAdded Co-Sponsor Rep. Grant Wehrli
2019-10-29HouseReferred to Rules Committee
2019-10-29HouseFirst Reading
2019-10-29HouseFiled with the Clerk by Rep. Ryan Spain

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351052Amended CodeCitation Text
351201Amended CodeCitation Text
62553-1001Amended CodeCitation Text

Illinois State Sources


Bill Comments

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