RETAIL OCCUPATION-COM CARRIER
Synopsis of Bill as introduced:
Amends the Retailers' Occupation Tax Act to exempt from taxation
under the Act tangible personal property sold to a common carrier by
motor that receives physical possession of the property in Illinois
and transports it out of Illinois. Effective immediately.
SENATE AMENDMENT NO. 1.
Adds reference to:
35 ILCS 105/3-55 from Ch. 120, par. 439.3-55
Amends the Use Tax Act. Exempts the use or purchase of tangible
personal property by a common carrier by rail or motor (now, rail)
that receives the physical possession of the property in Illinois, and
that transports the property, or shares with another common carrier in
the transportation of the property, out of Illinois on a standard
uniform bill of lading showing the seller of the property as the
shipper or consignor of the property to a destination outside of
Illinois, for use outside Illinois.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status