Bill Status of SB0137

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SB0137 - 104th General Assembly

USE/OCC TX-VENDOR DISCOUNT
Last Action
1/17/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Craig Wilcox and Chris Balkema
Statutes Amended In Order of Appearance
35 ILCS 105/9
35 ILCS 110/9
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3
Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, if the retailer or serviceman reports less than $50,000 in sales during the month for which the return is filed, then the vendor's discount for that retailer or serviceman shall be 3.5% (currently, 1.75%) of the amount collected or $5 per calendar year, whichever is greater. Effective immediately.
Actions
Date Chamber Action
1/17/2025 Senate Filed with Secretary by Sen. Craig Wilcox
1/17/2025 Senate First Reading
1/17/2025 Senate Referred to Assignments
5/30/2025 Senate Added as Co-Sponsor Sen. Chris Balkema