State of Illinois
92nd General Assembly
Legislation

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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.)

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