IL HB4840 | 2019-2020 | 101st General Assembly

Illinois House Bill 4840 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 11 2020 - 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 Service Use Tax Act. Provides that the demonstration use or interim use of tangible personal property purchased for resale is exempt for a period of 18 months after the retailer or serviceman purchases the tangible personal property for resale. Provides that, if the period of demonstration use or interim use exceeds 18 months, the retailer or serviceman shall pay tax on the original cost price. Effective immediately.

Title

USE TAX-DEMONSTRATION

History

Date	Chamber	Action
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-03-12	House	House Committee Amendment No. 1 Referred to Rules Committee
2020-03-12	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2020-03-12	House	Assigned to Revenue & Finance Committee
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-11	House	Filed with the Clerk by Rep. Michael J. Zalewski

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	105	2	Amended Code	Citation Text
35	105	3-5	Amended Code	Citation Text
35	110	2	Amended Code	Citation Text
35	110	3-5	Amended Code	Citation Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4840&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB4840.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB4840ham001.htm