SB 743

  • Illinois Senate Bill
  • 99th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Use/Occ Tax-Leases

Abstract

Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, with respect to tangible personal property that is sold for the purpose of leasing the property in Illinois for a defined period, the term "selling price" means the consideration received by the lessor pursuant to the lease contract, including amounts due at lease signing and all monthly or other regular payments charged over the term of the lease. Provides that, for those items of tangible personal property, "selling price" also includes amounts received from the lessee that are not calculated at the time the lease is executed.

Bill Sponsors (1)

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Jan 10, 2017

Senate

Session Sine Die

Oct 10, 2015

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Oct 08, 2015

Senate

Rule 2-10 Third Reading Deadline Established As October 20, 2015

May 15, 2015

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015

May 06, 2015

Senate

Added as Co-Sponsor Sen. Wm. Sam McCann

Apr 24, 2015

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015

Apr 16, 2015

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading April 21, 2015

Mar 26, 2015

Senate

Placed on Calendar Order of 2nd Reading April 14, 2015

Senate

Do Pass as Amended Revenue; 008-003-000

Mar 25, 2015

Senate

Senate Committee Amendment No. 1 Adopted

Senate

Reported Back To Revenue; 003-000-000

Senate

Senate Committee Amendment No. 1 Reported Back To Revenue; 003-000-000

Mar 17, 2015

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

Mar 12, 2015

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

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

Mar 05, 2015

Senate

To Subcommittee on Special Issues (RV)

Feb 11, 2015

Senate

Assigned to Revenue

Feb 03, 2015

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Thomas Cullerton

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
Senate Amendment 001

Sources

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