USE/OCC TAX-EXEMPT TRANSFERS House SponsorsRep. Amy Elik 1/10/2023HouseSession Sine Die 35 ILCS 105/2from Ch. 120, par. 439.235 ILCS 120/1from Ch. 120, par. 44035 ILCS 157/10-1535 ILCS 158/15-10 Amends the Use Tax Act, the Retailers' Occupation Tax Act, the Aircraft Use Tax Law, and the Watercraft Use Tax Law. Provides that the taxes under those Acts do not apply to transfers that occur between a natural individual and (i) a revocable trust where the transferor is the grantor of the trust or (ii) a business entity if the transferor has ownership or control of the business entity. Provides that the transferor must retain a beneficial interest in the property, and the property must be transferred without valuable consideration. 1/4/2022HouseFiled with the Clerk by Rep. Amy Elik 1/5/2022HouseFirst Reading 1/5/2022HouseReferred to Rules Committee 2/9/2022HouseAssigned to Revenue & Finance Committee 2/15/2022HouseTo Sales, Amusement, & Other Taxes Subcommittee 2/18/2022HouseRule 19(a) / Re-referred to Rules Committee 1/10/2023HouseSession Sine Die