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). Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Provides that the tax on motorcycles, motor driven cycles, and mopeds shall be the same as for all other motor vehicles. Effective immediately.

Spectrum: Slight Partisan Bill (Republican 6-2)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB3945 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Ryan Spain [R]	Primary	Sponsored Bills	HD-073	FollowTheMoney	Ballotpedia	VoteSmart
Representative Tony McCombie [R]	Cosponsor	Sponsored Bills	HD-089	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jonathan Carroll [D]	Cosponsor	Sponsored Bills	HD-057	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Brady [R]	Cosponsor	Sponsored Bills	HD-105	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Halpin [D]	Cosponsor	Sponsored Bills	SD-036	FollowTheMoney	Ballotpedia	VoteSmart
Representative Grant Wehrli [R]	Cosponsor	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Representative Brad Halbrook [R]	Cosponsor	Sponsored Bills	HD-107	FollowTheMoney	Ballotpedia	VoteSmart
Senator Thomas Bennett [R]	Cosponsor	Sponsored Bills	SD-053	FollowTheMoney	Ballotpedia	VoteSmart

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