90th General Assembly
Summary of SB0370
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Senate Sponsors:
PETERSON.

House Sponsors:
TURNER,ART-WINTERS-MOORE,EUGENE-MOORE,ANDREA

Short description: 
RETAIL OCCUPATION-COM CARRIER                                              

Synopsis of Bill as introduced:
        Amends the Retailers' Occupation Tax Act to exempt from  taxation      
   under  the  Act tangible personal property sold to a common carrier by      
   motor that receives physical possession of the  property  in  Illinois      
   and transports it out of Illinois.  Effective immediately.                  
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          35 ILCS 105/3-55                from Ch. 120, par. 439.3-55          
        Amends the Use Tax Act.  Exempts the use or purchase of  tangible      
   personal  property  by  a  common carrier by rail or motor (now, rail)      
   that receives the physical possession of the property in Illinois, and      
   that transports the property, or shares with another common carrier in      
   the transportation of the property, out  of  Illinois  on  a  standard      
   uniform  bill  of  lading  showing  the  seller of the property as the      
   shipper or consignor of the  property  to  a  destination  outside  of      
   Illinois, for use outside Illinois.                                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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