[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_HB4820 LRB9211990SMdv 1 AN ACT in relation to taxation. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Use Tax Act is amended by changing 5 Section 1a as follows: 6 (35 ILCS 105/1a) (from Ch. 120, par. 439.1a) 7 Sec. 1a. Sale of leased or rented motor vehicle. A person 8 who is engaged in the business of leasing or renting motor 9 vehicles to others and who, in connection with such business 10 sells any used motor vehicle to a purchaser for his use and 11 not for the purpose of resale, is a retailer engaged in the 12 business of selling tangible personal property at retail 13 under this Act to the extent of the value of the vehicle 14 sold. For the purpose of this Section, "motor vehicle" has 15 the meaning prescribed in Section 1-157 of The Illinois 16 Vehicle Code, as now or hereafter amended. (Nothing provided 17 herein shall affect liability incurred under this Act because 18 of the use of such motor vehicles as a lessor.) 19 (Source: P.A. 80-598.)