HB3338 102ND GENERAL ASSEMBLY

LRB102 14993 HLH 20348 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3338

Introduced 2/22/2021, by Rep. Jeff Keicher

SYNOPSIS AS INTRODUCED:

New Act

Creates the Buy Illinois Use and Occupation Tax Exemption Act. Provides that the Department of Revenue shall study and report to the General Assembly on the impact of State use and occupation taxes on Illinois enterprise. Provides that the study shall include a discussion of: (i) the potential constitutional validity of any statutory law to offer sales tax preferences, with respect to retail transactions made to an Illinois buyer, with respect to goods made in Illinois; and (ii) the advantages and disadvantages of enacting Buy Illinois use and occupation tax preferences. Repeals the Act Jauary 1, 2024.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 1. Short title. This Act may be cited as the Buy Illinois Use and Occupation Tax Exemption Act.

Section 5. Legislative intent. It is the purpose of this Act to encourage the manufacture and purchase of goods made in Illinois.

Section 10. Department of Revenue study. The Department of Revenue shall study and report to the General Assembly on the the impact of State use and occupation taxes on Illinois enterprise. The study shall include a discussion of: (i) the potential constitutional validity of any statutory law to offer sales tax preferences, with respect to retail transactions made to an Illinois buyer, with respect to goods made in Illinois; and (ii) the advantages and disadvantages of enacting Buy Illinois use and occupation tax preferences.

The report shall be presented to the General Assembly by December 31, 2022.

Section 15. Repeal. This Act is repealed on January 1, 2024.