Bill Text: IL SB1463 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the Use Tax Act. Makes a technical change in a Section concerning the sale of a leased or rented motor vehicle.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-04-23 - Rule 3-9(a) / Re-referred to Assignments [SB1463 Detail]
Download: Illinois-2021-SB1463-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Use Tax Act is amended by changing Section | |||||||||||||||||||
5 | 1a as follows:
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6 | (35 ILCS 105/1a) (from Ch. 120, par. 439.1a)
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7 | Sec. 1a.
A person who is engaged in the
the business of | |||||||||||||||||||
8 | leasing or renting
motor vehicles to others and who, in | |||||||||||||||||||
9 | connection with such business sells
any used motor vehicle to | |||||||||||||||||||
10 | a purchaser for his use and not for the purpose
of resale, is a | |||||||||||||||||||
11 | retailer engaged in the business of selling tangible personal
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12 | property at retail under this Act to the extent of the value of | |||||||||||||||||||
13 | the vehicle
sold. For the purpose of this Section, "motor | |||||||||||||||||||
14 | vehicle" has the meaning prescribed
in Section 1-157 of the | |||||||||||||||||||
15 | Illinois Vehicle Code, as now or hereafter amended.
(Nothing | |||||||||||||||||||
16 | provided herein shall affect liability incurred under this Act
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17 | because of the use of such motor vehicles as a lessor.) | |||||||||||||||||||
18 | (Source: P.A. 80-598 .)
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