92nd General Assembly
Summary of HB0470
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House Sponsors:
HOLBROOK.

Short description: 
VEH CD-TITLE FEE-DONATION                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Vehicle Code.  Provides that no fee shall  be      
   paid  by  a  not-for-profit  organization  that is exempt from federal      
   income taxation under Section 501(c)(3) of the Internal  Revenue  Code      
   for a certificate of title for a used vehicle that has been donated to      
   the  organization. Provides that a federally tax-exempt not-for-profit      
   organization that sells or  consigns  used  vehicles  that  have  been      
   donated  to  the organization is not subject to the requirement that a      
   person be licensed as a new or used vehicle dealer in order to  engage      
   in  the  business of selling or consigning 5 or more used vehicles per      
   year. Effective immediately.                                                
          FISCAL NOTE (Office of the Secretary of State)                       
          The annual fiscal impact of this legislation is $52,000.             
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status