Illinois General Assembly - Bill Status for HB1923
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 Bill Status of HB1923  102nd General Assembly


Short Description:  USE/OCC TAX-VEHICLE TRADE IN

House Sponsors
Rep. Ryan Spain - Jonathan Carroll

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 105/2from Ch. 120, par. 439.2
35 ILCS 120/1from Ch. 120, par. 440
625 ILCS 5/3-1001from Ch. 95 1/2, par. 3-1001


Synopsis As Introduced
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Provides that the tax on motorcycles, motor driven cycles, and mopeds shall be the same as for all other motor vehicles. Effective immediately.

Actions 
DateChamber Action
  2/16/2021HouseFiled with the Clerk by Rep. Ryan Spain
  2/17/2021HouseFirst Reading
  2/17/2021HouseReferred to Rules Committee
  2/18/2021HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
  3/9/2021HouseAssigned to Revenue & Finance Committee
  3/18/2021HouseTo Sales, Amusement, & Other Taxes Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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