Illinois General Assembly - Bill Status for HB3907

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Bill Status of HB3907 101st General Assembly

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Short Description: USE/OCC TX-TRADE IN

House Sponsors
Rep. Allen Skillicorn

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 105/2

from Ch. 120, par. 439.2

35 ILCS 120/1

from Ch. 120, par. 440

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
10/4/2019	House	Filed with the Clerk by Rep. Allen Skillicorn
10/17/2019	House	First Reading
10/17/2019	House	Referred to Rules Committee
1/13/2021	House	Session Sine Die

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