Bill Title: 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). Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-10-17 - Referred to Rules Committee [HB3907 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2019-10-04	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3907

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3907 currently on file.

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