HB 3945

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Use/Occ Tax-Vehicle Trade In

Abstract

Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Provides that the tax on motorcycles, motor driven cycles, and mopeds shall be the same as for all other motor vehicles. Effective immediately.

Bill Sponsors (8)

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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Feb 27, 2020

House

To Sales, Amusement & Other Taxes Subcommittee

Feb 25, 2020

House

Added Co-Sponsor Rep. Thomas M. Bennett

Feb 18, 2020

House

Assigned to Revenue & Finance Committee

Dec 18, 2019

House

Added Co-Sponsor Rep. Brad Halbrook

Nov 25, 2019

House

Added Chief Co-Sponsor Rep. Dan Brady

House

Added Co-Sponsor Rep. Grant Wehrli

House

Added Chief Co-Sponsor Rep. Tony McCombie

House

Added Chief Co-Sponsor Rep. Jonathan Carroll

House

Added Chief Co-Sponsor Rep. Michael Halpin

Oct 29, 2019

House

Filed with the Clerk by Rep. Ryan Spain

House

Referred to Rules Committee

House

First Reading

Bill Text

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