State of Illinois
90th General Assembly
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90_HB1121ccr001

                                          SRS90HB1121NCsaccr1
 1                        90TH GENERAL ASSEMBLY
 2                     CONFERENCE COMMITTEE REPORT
 3                         ON HOUSE BILL 1121
 4    -------------------------------------------------------------
 5    -------------------------------------------------------------
 6        To the President of the Senate and  the  Speaker  of  the
 7    House of Representatives:
 8        We,  the  conference  committee appointed to consider the
 9    differences  between  the  houses  in  relation   to   Senate
10    Amendment No. 1 to House Bill 1121, recommend the following:
11        To  the  President  of  the Senate and the Speaker of the
12    House of Representatives:
13        We, the conference committee appointed  to  consider  the
14    differences   between   the  houses  in  relation  to  Senate
15    Amendment No. 1 to House Bill 1121, recommend the following:
16        (1)  that the House concur in Senate Amendment No. 1; and
17        (2)  that House Bill 1121, AS AMENDED, be further amended
18    in Section 5, by replacing the paragraph beginning  ""Leasing
19    price"  means" with the following:
20        "Leasing  price"  means  the consideration for leasing an
21    automobile valued in money,  whether  received  in  money  or
22    otherwise,  including  cash,  credits, property and services,
23    and shall be determined without any deduction on  account  of
24    the  cost of the property leased, the cost of materials used,
25    labor or service cost or any other  expense  whatsoever,  but
26    does not include charges that are added by lessors on account
27    of  the  lessor's tax liability under this Act, or on account
28    of the lessor's duty to collect, from  the  lessee,  the  tax
29    that  is  imposed  by  Section  20  of  this Act.  The phrase
30    "leasing price" does not include the residual  value  of  the
31    automobile  or  any  separately stated charge on the lessee's
32    bill for insurance."; and
33    in Section 95, in Sec. 21-260,  in  subsection  (d),  in  the
                            -2-           SRS90HB1121NCsaccr1
 1    sentence that begins "The properties which are", by replacing
 2    "shall  revert to the surface owner" with "shall no longer be
 3    required to be offered for sale"; and
 4    in Section 95, in Sec. 21-260, by deleting all of  subsection
 5    (d-5).
 6        Submitted on                     , 1997.
 7    ______________________________  _____________________________
 8    Senator Peterson                Representative Curry
 9    ______________________________  _____________________________
10    Senator Lauzen                  Representative Moore, E.
11    ______________________________  _____________________________
12    Senator Weaver                  Representative Currie
13    ______________________________  _____________________________
14    Senator Severns                 Representative Churchill
15    ______________________________  _____________________________
16    Senator Berman                  Representative Moore, A.
17    Committee for the Senate        Committee for the House

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