Illinois House Bill 5237

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 8 2024 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Timber Buyers Licensing Act. Repeals provisions that require a person buying timber from a timber grower to deduct from the payment to the timber grower an amount which equals 4% of the purchase price or 4% of the minimum fair market value and forward such amount to the Department of Natural Resources. Repeals provisions that require a timber grower who utilizes timber produced on land the timber grower owns or operates for sawing into lumber, processing, or resale to pay to the Department an amount equal to 4% of the minimum fair market value of the timber utilized during a period. Makes conforming changes.

AXE THE TIMBER TAX

Rep. Tony McCombie [R]

Date	Chamber	Action
2024-04-05	House	Rule 19(a) / Re-referred to Rules Committee
2024-03-08	House	To Revenue - Sales, Amusement and Other Taxes Subcommittee
2024-03-05	House	Assigned to Revenue & Finance Committee
2024-02-09	House	Referred to Rules Committee
2024-02-09	House	First Reading
2024-02-08	House	Filed with the Clerk by Rep. Tony M. McCombie

Chapter	Article	Section	Citation Type	Statute Text
225	735	11	Amended Code	Citation Text
225	735	9a	Repealed Code	Citation Text
525	15	5	Amended Code	Citation Text
525	15	7	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5237&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5237.htm