Bill Title: 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.

Sponsorship: Bipartisan Bill

Status: (Failed) 2021-01-13 - Session Sine Die [SB3352 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-11	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3352

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3352 currently on file.