Illinois House Bill 5662 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Vehicle Code. Provides that the Secretary of State shall adopt and implement the Tate Revenue Increase Plate Plan, or "TRIPP". Provides that in implementing TRIPP, the Secretary shall comply with requirements of the Illinois Procurement Code concerning sole source procurements. Provides that all currently issued license plates shall be classified as the personal property of the license plate holder, assigned a value of $1,000, and assessed an optional annual license fee to TRIPP in the amount of $120. Provides that a license plate owner who consents to the license fee is eligible for a weekly lottery cash prize and may sell his or her license plate by way of an Internet auction site established for that purpose and available on the State's Internet home page. Provides that certain persons may purchase additional entries into the lottery. Provides that a 25% privilege tax shall be assessed on the sale of a license plate and that the sale price of a plate auctioned under the new provisions shall become the new assessed value of the license plate. Provides certain exemptions from plate transfer fees and other sales requirements. Provides that disputes regarding TRIPP shall be adjudicated by an arbitrator appointed by the Secretary of State. Provides that 15% of all revenue generated by TRIPP shall be used as a license fee, and that no later than 30 days after the effective date of the amendatory Act, the Comptroller shall order transferred and the Treasurer shall transfer to the TRIPP licensor a license fee deposit equal to 10% of the first year's anticipated license fee payment, as calculated by a specified formula. Provides that the Secretary of State shall adopt rules to implement the new provisions. Effective January 1, 2013.

VEH CD-PLATE LOTTERY & AUCTION

Rep. Joseph Lyons [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-30	House	Rule 19(a) / Re-referred to Rules Committee
2012-03-27	House	Held on Calendar Order of Second Reading - Short Debate
2012-03-27	House	Second Reading - Short Debate
2012-03-07	House	Placed on Calendar 2nd Reading - Short Debate
2012-03-07	House	Do Pass / Short Debate Transportation: Vehicles & Safety Committee; 009-000-000
2012-02-27	House	Assigned to Transportation: Vehicles & Safety Committee
2012-02-16	House	Referred to Rules Committee
2012-02-16	House	First Reading
2012-02-15	House	Filed with the Clerk by Rep. Joseph M. Lyons

Chapter	Article	Section	Citation Type	Statute Text
625	5	3-405.1a	New Code	See Bill Text
625	5	3-421	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5662&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5662.htm