Bill Text: IL HB3393 | 2019-2020 | 101st General Assembly | Engrossed

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Bill Title: Amends the Liquor Control Act of 1934. Provides that the amendatory Act may be known as the COVID-19 Pandemic Hospitality Recovery Act. Provides that payment by credit card during the period during which merchandising credit may be extended shall be considered payment. Provides that a retailer may use a credit card to make purchases from a distributor, and the distributor may charge to the retailer any fees associated with that credit card transaction. Provides that manufacturers, non-resident dealers, foreign importers, distributors, or importing distributors may donate money or COVID-19-related improvements, fixtures, and equipment to an entity exempt from federal income taxes under Section 501 of the Internal Revenue Code with the intent that eligible restaurants or retail licensees will apply for and acquire these COVID-19-related improvements, fixtures, and equipment for their use in their operations during the current COVID-19 pandemic until December 31, 2021. Provides that retail license holders may accept temporary donations, pursuant to certain restrictions, of COVID-19-related improvements, fixtures, and equipment from an entity exempt from federal income taxes under Section 501 of the Internal Revenue Code donated to the entity by Illinois licensed manufacturers, non-resident dealers, foreign importers, distributors, or importing distributors. Authorizes the delivery and carry out of a single serving of wine if specified conditions are met. Provides that the provision concerning delivery and carry out of mixed drinks is repealed on January 1, 2024 (instead of June 2, 2021). Makes other changes. Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, with respect to certain eating and drinking establishments, the obligation to make quarter monthly payments shall be suspended, and the taxpayer shall, instead, make monthly payments as otherwise provided by law. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 8-1)

Status: (Engrossed - Dead) 2021-01-13 - Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Executive Committee [HB3393 Detail]

Download: Illinois-2019-HB3393-Engrossed.html

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HB3393 Engrossed LRB101 10436 JLS 55542 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Consumer Installment Loan Act is amended by
changing Section 18 as follows:
(205 ILCS 670/18) (from Ch. 17, par. 5424)
Sec. 18. Advertising; unsolicited checks.
(a) Advertising for loans transacted under this Act may not
be false, misleading or deceptive. That advertising, if it
states a rate or amount of charge for a loan, must state the
rate as an annual percentage rate. No licensee may advertise in
any manner so as to indicate or imply that his interest rates
or charges for loans are in any way "recommended", "approved",
"set" or "established" by the State government or by this Act.
(b) If any advertisement to which this Section applies
states the amount of any installment payment, the dollar amount
of any finance charge, or the number of installments or the
period of repayment, then the advertisement shall state all of
the following items:
(1) The amount of the loan.
(2) The number, amount, and due dates or period of
payments scheduled to repay the indebtedness if the credit
is extended.

HB3393 Engrossed - 2 - LRB101 10436 JLS 55542 b
(3) The rate of the finance charge expressed as an
annual percentage rate.
(c) No person shall deliver to a consumer an unsolicited
check payable to the consumer that, upon cashing, obligates the
consumer to repay the amount of the check plus interest and
fees unless the check bears the following statement printed in
18-point type in uppercase print on the face of the check:
"THIS IS A LOAN.".
This subsection does not apply to a transaction in which a
consumer has submitted an application for, or requested an
extension of, credit from the person before receiving the check
or instrument or when the consumer has an existing relationship
with the person.
(Source: P.A. 90-437, eff. 1-1-98.)