IL HB3907 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 4 2019 - 25% progression
Action: 2019-10-04 - Filed with the Clerk by Rep. Allen Skillicorn
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.

Tracking Information

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Title

USE/OCC TX-TRADE IN

Sponsors


History

DateChamberAction
2019-10-04HouseFiled with the Clerk by Rep. Allen Skillicorn

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351052Amended CodeCitation Text
351201Amended CodeCitation Text

Illinois State Sources


Bill Comments

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