FRANKS-HOLBROOK, SOMMER AND MOORE,ANDREA.
RET-USE TX-TAX MORATORIUM
Synopsis of Bill as introduced:
Amends the Use Tax Act and the Retailers' Occupation Tax Act.
Provides that with respect to individual items of clothing having a
taxable value of $50 or less sold in Illinois on July 30 through
August 8, no tax shall be imposed under those Acts. Allows units of
local government that impose those taxes to choose not to impose the
tax with respect to individual items of clothing having a taxable
value of $50 or less sold in Illinois on July 30 through August 8.
Defines "clothing". Provides that the exemption does not apply to
sales made within hotels or places of public entertainment or
amusement where tickets of admission are sold. Excepts the exemption
from the Acts' sunset provisions. Effective immediately.
FISCAL NOTE (Department of Revenue)
An estimate of the fiscal impact of HB 2872 is indeterminable.
At present, the Department does not possess systems capable of
tracking sales by each item's taxable value.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status