SB 1434

  • Illinois Senate Bill
  • 100th Regular Session
  • Introduced in Senate May 05, 2017
  • Passed Senate May 04, 2017
  • Passed House May 30, 2017
  • Became Law Aug 25, 2017

Rental-Purchase Tax

Abstract

Creates the Rental Purchase Agreement Occupation and Use Tax Act. Provides that an occupation tax is imposed upon persons engaged in this State in the business of renting merchandise under a rental-purchase agreement in Illinois, at the rate of 6.25% of the gross receipts received from such business. Provides that a corresponding use tax is imposed upon the privilege of using merchandise rented under a rental-purchase agreement in Illinois at the rate of 6.25% of the gross receipts received from such business. Provides for the imposition and collection of both taxes by the Department of Revenue, and for the filing of returns and the payment of taxes imposed under this Act. Provides the Department of Revenue with rulemaking authority. Amends the Use Tax Act and the Retailers' Occupation Tax Act to make conforming changes. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Aug 25, 2017

Senate

Public Act . . . . . . . . . 100-0437

Senate

Effective Date January 1, 2018

Senate

Governor Approved

Jun 29, 2017

Senate

Sent to the Governor

May 31, 2017

Senate

House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive

Senate

House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 016-000-000

Senate

Passed Both Houses

Senate

Senate Concurs

Senate

House Committee Amendment No. 1 Senate Concurs 053-000-000

May 30, 2017

Senate

Secretary's Desk - Concurrence House Amendment(s) 1

Senate

House Committee Amendment No. 1 Motion to Concur Referred to Assignments

Senate

House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Thomas Cullerton

Senate

Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2017

House

Third Reading - Short Debate - Passed 098-018-000

May 26, 2017

House

Final Action Deadline Extended-9(b) May 31, 2017

May 25, 2017

House

Added Alternate Chief Co-Sponsor Rep. John M. Cabello

May 24, 2017

House

House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue & Finance Committee; 007-004-000

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

May 23, 2017

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman

May 19, 2017

House

Committee Deadline Extended-Rule 9(b) May 26, 2017

May 15, 2017

House

Assigned to Revenue & Finance Committee

May 09, 2017

House

Referred to Rules Committee

House

First Reading

May 05, 2017

House

Arrived in House

House

Chief House Sponsor Rep. Jay Hoffman

May 04, 2017

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-000-000

Senate

Third Reading - Passed; 053-000-000

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 2 Adopted; T. Cullerton

Senate

Recalled to Second Reading

May 02, 2017

Senate

Added as Co-Sponsor Sen. Wm. Sam McCann

Senate

Added as Co-Sponsor Sen. Dale A. Righter

Apr 28, 2017

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2017

Apr 27, 2017

Senate

Added as Co-Sponsor Sen. Andy Manar

Senate

Added as Co-Sponsor Sen. William E. Brady

Senate

Added as Co-Sponsor Sen. Dale Fowler

Apr 26, 2017

Senate

Added as Co-Sponsor Sen. Neil Anderson

Apr 25, 2017

Senate

Senate Floor Amendment No. 2 Assignments Refers to Revenue

Apr 24, 2017

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Thomas Cullerton

Apr 06, 2017

Senate

Placed on Calendar Order of 3rd Reading April 25, 2017

Senate

Second Reading

Mar 16, 2017

Senate

Placed on Calendar Order of 2nd Reading March 28, 2017

Senate

Do Pass as Amended Revenue; 008-000-000

Mar 15, 2017

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Senate

Senate Committee Amendment No. 1 Adopted

Mar 09, 2017

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Postponed - Revenue

Mar 01, 2017

Senate

Postponed - Revenue

Feb 22, 2017

Senate

Assigned to Revenue

Feb 09, 2017

Senate

Filed with Secretary by Sen. Thomas Cullerton

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Enrolled HTML
Engrossed HTML
Introduced HTML

Related Documents

Document Format
Public Act
House Amendment 001
Senate Amendment 002
Senate Amendment 001

Sources

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