IL HB5135 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 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]
Status: Introduced on February 13 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 Retailers' Occupation Tax Act. Provides that, for any leased property (currently, for motor vehicles only), "selling price" means the consideration received by the lessor pursuant to the lease contract and includes certain amounts received by the lessor that are not calculated at the time the lease is executed. Provides for an exemption to the extent of any personal property lease transaction tax paid to a home rule municipality. Effective immediately.
Title
USE/OCC TX-LEASED PROPERTY
Sponsors
| Rep. Jay Hoffman [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-23 | House | Rule 19(b) / Re-referred to Rules Committee |
| 2020-03-03 | House | Assigned to Revenue & Finance Committee |
| 2020-02-18 | House | Referred to Rules Committee |
| 2020-02-18 | House | First Reading |
| 2020-02-13 | House | Filed with the Clerk by Rep. Jay Hoffman |
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 | 120 | 1 | Amended Code | Citation Text |
| 35 | 120 | 2-5 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5135&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB5135.htm |
