House Sponsors: HOLBROOK. Short description: ST FINANCE-DISTRIBUT-AUTO SALE Synopsis of Bill as introduced: Amends the State Finance Act. Provides that the moneys paid into the Local Government Tax Fund from the 6.25% general rate on the selling price of tangible personal property purchased in this State that is titled or registered by any agency of this State's government shall be equally distributed to the municipality or county, in the case of an unincorporated area, where the retailer making the sale is located and the municipality or the unincorporated area of the county where the address is given for title or registration purposes. Provides that if the address for titling or registration purposes is outside of this State, the municipality or county, in the case of an unincorporated area, where the retailer makes the sale shall receive the entire amount attributable to the sale. Provides that the moneys paid into the County and Mass Transit District Fund from the 6.25% general rate on the selling price of tangible personal property purchased in this State that is titled or registered by any agency of this State's government shall be equally distributed in counties with fewer than 3,000,000 inhabitants, with one-half going to the county where the sale was made and one-half going to the county for which the address for titling or registration purposes was given as being in that county. Provides that if the address for titling or registration purposes is outside of this State, the county where the retailer makes the sale shall receive the entire amount attributable to the sale. Effective immediately. FISCAL NOTE (State Treasurer) HB56 will have no impact on the State's resources. FISCAL NOTE (Department of Revenue) HB 56 does not create a direct fiscal impact to the State. HOUSE AMENDMENT NO. 1. Deletes the provisions mandating that if the address for titling or registration purposes is outside of this State, the municipality or county where the retailer makes the sale shall receive the entire amount attributable to the sale. Provides that the amendatory provisions apply only if the retailer of that tangible personal property that is titled or registered has moved its principal retail location after June 1, 1999 (i) from a municipality to the unincorporated area of a county or to another municipality or (ii) from the unincorporated area of a county to a municipality or to the unincorporated area of another county. Effective immediately. HOUSE AMENDMENT NO. 2. Changes to January 1, 2000 (now June 1, 1999) the application date of the amendatory provision for retailers of titled or registered property that move their principal retail location. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status