Bill Title: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Repeals the manufacturer's purchase credit on December 31, 2012. Creates an exemption beginning on January 1, 2013 for tangible personal property that is incorporated into real estate within a manufacturing or graphic arts facility and used or consumed for research and development or used or consumed in activities including preproduction material handling, quality control, inventory control, storage, staging, and packaging for shipping and transportation purposes. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die
[SB3664 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Amended | 2012-03-19 | HTML/Text | Link | View |
Introduced | 2012-02-10 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois SB3664 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois SB3664 currently on file. |
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