IL SB0743 | 2015-2016 | 99th General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, with respect to tangible personal property that is sold for the purpose of leasing the property in Illinois for a defined period, the term "selling price" means the consideration received by the lessor pursuant to the lease contract, including amounts due at lease signing and all monthly or other regular payments charged over the term of the lease. Provides that, for those items of tangible personal property, "selling price" also includes amounts received from the lessee that are not calculated at the time the lease is executed.
Title
USE/OCC TAX-LEASES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-10-10 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-10-08 | Senate | Rule 2-10 Third Reading Deadline Established As October 20, 2015 |
| 2015-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 |
| 2015-05-06 | Senate | Added as Co-Sponsor Sen. Wm. Sam McCann |
| 2015-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 |
| 2015-04-16 | Senate | Placed on Calendar Order of 3rd Reading April 21, 2015 |
| 2015-04-16 | Senate | Second Reading |
| 2015-03-26 | Senate | Placed on Calendar Order of 2nd Reading April 14, 2015 |
| 2015-03-26 | Senate | Do Pass as Amended Revenue; 008-003-000 |
| 2015-03-25 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2015-03-25 | Senate | Senate Committee Amendment No. 1 Reported Back To Revenue; 003-000-000 |
| 2015-03-25 | Senate | Reported Back To Revenue; 003-000-000 |
| 2015-03-17 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2015-03-12 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2015-03-12 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton |
| 2015-03-05 | Senate | To Subcommittee on Special Issues (RV) |
| 2015-02-11 | Senate | Assigned to Revenue |
| 2015-02-03 | Senate | Referred to Assignments |
| 2015-02-03 | Senate | First Reading |
| 2015-02-03 | Senate | Filed with Secretary by Sen. Thomas Cullerton |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 105 | 2 | Amended Code | Citation Text |
| 35 | 120 | 1 | Amended Code | Citation Text |
