Bill Status of HB3945  101st General Assembly

Short Description:  USE/OCC TAX-VEHICLE TRADE IN

House Sponsors
Rep. Ryan Spain - Tony McCombie - Jonathan Carroll - Dan Brady - Michael Halpin, Grant Wehrli, Brad Halbrook and Thomas M. Bennett

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/2from Ch. 120, par. 439.2
35 ILCS 120/1from Ch. 120, par. 440
625 ILCS 5/3-1001from Ch. 95 1/2, par. 3-1001


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). 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.

Actions 
DateChamber Action
  10/29/2019HouseFiled with the Clerk by Rep. Ryan Spain
  10/29/2019HouseFirst Reading
  10/29/2019HouseReferred to Rules Committee
  11/25/2019HouseAdded Co-Sponsor Rep. Grant Wehrli
  11/25/2019HouseAdded Chief Co-Sponsor Rep. Tony McCombie
  11/25/2019HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
  11/25/2019HouseAdded Chief Co-Sponsor Rep. Dan Brady
  11/25/2019HouseAdded Chief Co-Sponsor Rep. Michael Halpin
  12/18/2019HouseAdded Co-Sponsor Rep. Brad Halbrook
  2/18/2020HouseAssigned to Revenue & Finance Committee
  2/25/2020HouseAdded Co-Sponsor Rep. Thomas M. Bennett
  2/27/2020HouseTo Sales, Amusement & Other Taxes Subcommittee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die