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 Bill Status of SB1434  100th General Assembly


Short Description:  RENTAL-PURCHASE TAX

Senate Sponsors
Sen. Thomas Cullerton, Neil Anderson, Dale Fowler, Andy Manar, William E. Brady, Wm. Sam McCann, Dale A. Righter and Laura M. Murphy

House Sponsors
(Rep. Jay Hoffman - John M. Cabello)

Last Action
DateChamber Action
  8/25/2017SenatePublic Act . . . . . . . . . 100-0437

Statutes Amended In Order of Appearance
New Act
35 ILCS 105/3-5
35 ILCS 120/2-5


Synopsis As Introduced
Creates the Rental Purchase Agreement Occupation and Use Tax Act. Provides that an occupation tax is imposed upon persons engaged in this State in the business of renting merchandise under a rental-purchase agreement in Illinois, at the rate of 6.25% of the gross receipts received from such business. Provides that a corresponding use tax is imposed upon the privilege of using merchandise rented under a rental-purchase agreement in Illinois at the rate of 6.25% of the gross receipts received from such business. Provides for the imposition and collection of both taxes by the Department of Revenue, and for the filing of returns and the payment of taxes imposed under this Act. Provides the Department of Revenue with rulemaking authority. Amends the Use Tax Act and the Retailers' Occupation Tax Act to make conforming changes. Effective immediately.

Senate Committee Amendment No. 1
Amends the provisions of the introduced bill as follows: (1) makes changes to the definition of "rental purchase agreement"; (2) provides that the proceeds from the tax imposed under the Rental Purchase Agreement Occupation and Use Tax Act shall be distributed as follows: 20% shall be deposited into the State and Local Sales Tax Reform Fund and 80% shall be deposited into the General Revenue Fund; (3) makes technical corrections; (4) provides that the Rental Purchase Agreement Occupation and Use Tax Act does not apply to tangible personal property which is required to be titled and registered by an agency of the State; and (5) provides that the bill is effective January 1, 2018.

Senate Floor Amendment No. 2
Makes technical corrections.

House Committee Amendment No. 1
Adds reference to:
New Act
30 ILCS 105/5.878 new
30 ILCS 105/6z-102 new

Further amends the Rental Purchase Agreement Occupation and Use Tax Act. Provides that any return or document that is required to be filed under the Act or any payment required to be made under the Act shall be done electronically, in the form and manner required by the Department. Removes a provision concerning the distribution of taxes. Provides that each month, from the net revenue realized for the preceding month, the Department shall deposit an estimated amount required for refunds of the tax under the Act into the Rental Purchase Agreement Tax Fund. Provides for the distribution of the remaining funds after the deposit. Provides that a merchant shall (rather than may) file an application to receive a one-time credit for the Use Tax paid on merchandise subject to tax under the Act. Amends the State Finance Act. Creates the Rental Purchase Agreement Tax Refund Fund. Provides for the distribution of moneys in the Fund. Makes technical changes.

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. Thomas Cullerton
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/22/2017SenateAssigned to Revenue
  3/1/2017SenatePostponed - Revenue
  3/9/2017SenatePostponed - Revenue
  3/9/2017SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton
  3/9/2017SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/15/2017SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  3/15/2017SenateSenate Committee Amendment No. 1 Adopted
  3/16/2017SenateDo Pass as Amended Revenue; 008-000-000
  3/16/2017SenatePlaced on Calendar Order of 2nd Reading March 28, 2017
  4/6/2017SenateSecond Reading
  4/6/2017SenatePlaced on Calendar Order of 3rd Reading April 25, 2017
  4/24/2017SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Thomas Cullerton
  4/24/2017SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/25/2017SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
  4/26/2017SenateAdded as Co-Sponsor Sen. Neil Anderson
  4/27/2017SenateAdded as Co-Sponsor Sen. Dale Fowler
  4/27/2017SenateAdded as Co-Sponsor Sen. Andy Manar
  4/27/2017SenateAdded as Co-Sponsor Sen. William E. Brady
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/2/2017SenateAdded as Co-Sponsor Sen. Wm. Sam McCann
  5/2/2017SenateAdded as Co-Sponsor Sen. Dale A. Righter
  5/4/2017SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-000-000
  5/4/2017SenateRecalled to Second Reading
  5/4/2017SenateSenate Floor Amendment No. 2 Adopted; T. Cullerton
  5/4/2017SenatePlaced on Calendar Order of 3rd Reading
  5/4/2017SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  5/4/2017SenateThird Reading - Passed; 053-000-000
  5/5/2017HouseArrived in House
  5/5/2017HouseChief House Sponsor Rep. Jay Hoffman
  5/9/2017HouseFirst Reading
  5/9/2017HouseReferred to Rules Committee
  5/15/2017HouseAssigned to Revenue & Finance Committee
  5/19/2017HouseCommittee Deadline Extended-Rule 9(b) May 26, 2017
  5/23/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
  5/23/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/24/2017HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  5/24/2017HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  5/24/2017HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 007-004-000
  5/24/2017HousePlaced on Calendar 2nd Reading - Short Debate
  5/24/2017HouseSecond Reading - Short Debate
  5/24/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/25/2017HouseAdded Alternate Chief Co-Sponsor Rep. John M. Cabello
  5/26/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/30/2017HouseThird Reading - Short Debate - Passed 098-018-000
  5/30/2017SenateSecretary's Desk - Concurrence House Amendment(s) 1
  5/30/2017SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2017
  5/30/2017SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Thomas Cullerton
  5/30/2017SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
  5/31/2017SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
  5/31/2017SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 016-000-000
  5/31/2017SenateHouse Committee Amendment No. 1 Senate Concurs 053-000-000
  5/31/2017SenateSenate Concurs
  5/31/2017SenatePassed Both Houses
  6/29/2017SenateSent to the Governor
  8/25/2017SenateGovernor Approved
  8/25/2017SenateEffective Date January 1, 2018
  8/25/2017SenatePublic Act . . . . . . . . . 100-0437

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