SB 137

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Use/Occ Tx-Vendor Discount

Abstract

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, if the retailer or serviceman reports less than $50,000 in sales during the month for which the return is filed, then the vendor's discount for that retailer or serviceman shall be 3.5% (currently, 1.75%) of the amount collected or $5 per calendar year, whichever is greater. Effective immediately.

Bill Sponsors (2)

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May 30, 2025

Senate

Added as Co-Sponsor Sen. Chris Balkema

Jan 17, 2025

Senate

Filed with Secretary by Sen. Craig Wilcox

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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