35 ILCS 640/2-6

(35 ILCS 640/2-6)

Sec. 2-6.

Sunset of exemptions, credits and deductions.


The application of every exemption, credit and deduction
against tax imposed by this Law, shall be limited by a
reasonable and appropriate sunset date.  A purchaser subject
to the tax imposed by this Law is not entitled to take the
exemption, credit, or deduction beginning on the sunset date
and thereafter.  If a reasonable and appropriate sunset date
is not specified in the Public Act that creates the exemption,
credit, or deduction, a purchaser shall not be entitled to take
the exemption, credit, or deduction beginning 5 years after the
effective date of the Public Act creating the exemption,
credit, or deduction and thereafter.  The provisions of this
Section shall not apply to the exemption provided by Section 2-5
of this Law.

(Source: P.A. 90-561, eff. 8-1-98.)