Illinois General Assembly - Bill Status for SB1406

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, for aircraft purchased on or after January 1, 2025, "use as rolling stock moving in interstate commerce" occurs when, during a 24-month period (currently, a 12-month period), the rolling stock has carried persons or property for hire in interstate commerce for more than 50% of its total trips for that period or for more than 50% of its total miles for that period. Effective immediately.

Actions

Date	Chamber	Action
1/31/2025	Senate	Filed with Secretary by Sen. Dale Fowler
1/31/2025	Senate	First Reading
1/31/2025	Senate	Referred to Assignments
2/11/2025	Senate	Assigned to Revenue

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