HB5561 93RD GENERAL ASSEMBLY

LRB093 17351 SJM 43017 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5561

Introduced 02/06/04, by Michael J. Madigan

SYNOPSIS AS INTRODUCED:

35 ILCS 157/10-30

Amends the Aircraft Use Tax Law. Makes a technical change in a Section concerning determining selling price.

A BILL FOR

AN ACT concerning taxes.

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

Section 5. The Aircraft Use Tax Law is amended by changing Section 10-30 as follows:

(35 ILCS 157/10-30)

Sec. 10-30. Determining selling price. For the purpose of assisting in determining the validity of the "selling price" reported on returns filed with the Department of Revenue, the Department may furnish the following information to persons with whom the Department has contracted for service related to making that determination: the selling price stated on the return; the aircraft identification number; the year, the make, and the model name or number of the aircraft; the purchase date; and the hours of operation.

(Source: P.A. 93-24, eff. 6-20-03.)