|
|
|
|
96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1529
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - John E. Bradley SYNOPSIS AS INTRODUCED:
|
|
35 ILCS 105/1a |
from Ch. 120, par. 439.1a |
|
Amends the Use Tax Act. Makes a technical change in a Section concerning the sale of a
leased or rented motor vehicle. |
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
HB1529 |
|
LRB096 05063 RCE 15129 b |
|
|
| 1 |
| AN ACT concerning revenue.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Use Tax Act is amended by changing Section |
| 5 |
| 1a as follows:
|
| 6 |
| (35 ILCS 105/1a) (from Ch. 120, par. 439.1a)
|
| 7 |
| Sec. 1a.
A person who is engaged in the
the business of |
| 8 |
| leasing or renting
motor vehicles to others and who, in |
| 9 |
| connection with such business sells
any used motor vehicle to a |
| 10 |
| purchaser for his use and not for the purpose
of resale, is a |
| 11 |
| retailer engaged in the business of selling tangible personal
|
| 12 |
| property at retail under this Act to the extent of the value of |
| 13 |
| the vehicle
sold. For the purpose of this Section, "motor |
| 14 |
| vehicle" has the meaning prescribed
in Section 1-157 of The |
| 15 |
| Illinois Vehicle Code, as now or hereafter amended.
(Nothing |
| 16 |
| provided herein shall affect liability incurred under this Act
|
| 17 |
| because of the use of such motor vehicles as a lessor.) |
| 18 |
| (Source: P.A. 80-598.)
|