Illinois General Assembly - Bill Status for HB2824
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 Bill Status of HB2824  102nd General Assembly


Short Description:  USE/OCC-TRADE-IN VALUE

House Sponsors
Rep. Keith P. Sommer

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


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). Effective immediately.

Actions 
DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Keith P. Sommer
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  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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