Bill Sponsors: IL HB3902 | 2019-2020 | 101st General Assembly
Bill Title: Reinserts the provisions of the introduced bill with changes and an updated statutory base. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the exemption for materials, parts, equipment, components, and furnishings incorporated into or upon an aircraft applies through December 31, 2024 (in the introduced bill, the exemption applies permanently). Provides that no claim for credit or refund is allowed for taxes paid as a result of the disallowance of the exemption on or after January 1, 2015 and prior to the effective date of the amendatory Act. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2020-02-06 - Public Act . . . . . . . . . 101-0629 [HB3902 Detail]
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: (Passed) 2020-02-06 - Public Act . . . . . . . . . 101-0629 [HB3902 Detail]
Text: Latest bill text (Chaptered) [HTML]
