Bill Text: IL HB0495 | 2011-2012 | 97th General Assembly | Introduced

---

Bill Title: Amends the Use Tax Act. Makes a technical change in a Section concerning the sale of a leased or rented motor vehicle.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0495 Detail]

Download: Illinois-2011-HB0495-Introduced.html

---

97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0495 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
35 ILCS 105/1a from Ch. 120, par. 439.1a
Amends the Use Tax Act. Makes a technical change in a Section concerning the sale of a leased or rented motor vehicle.
LRB097 03327 HLH 43364 b
A BILL FOR
HB0495 LRB097 03327 HLH 43364 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Use Tax Act is amended by changing Section
1a as follows:
(35 ILCS 105/1a) (from Ch. 120, par. 439.1a)
Sec. 1a. A person who is engaged in the the business of
leasing or renting motor vehicles to others and who, in
connection with such business sells any used motor vehicle to a
purchaser for his use and not for the purpose of resale, is a
retailer engaged in the business of selling tangible personal
property at retail under this Act to the extent of the value of
the vehicle sold. For the purpose of this Section, "motor
vehicle" has the meaning prescribed in Section 1-157 of The
Illinois Vehicle Code, as now or hereafter amended. (Nothing
provided herein shall affect liability incurred under this Act
because of the use of such motor vehicles as a lessor.)
(Source: P.A. 80-598.)