92nd General Assembly
Summary of HB2113
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Short description: 
OCC-USE TAX-EXEMPT VENDING                                                 

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act, and the Retailers' Occupation Tax Act.  Replaces      
   the current exemption for new or used automatic vending machines  that      
   prepare  and  serve  hot  food and beverages and replacement parts for      
   these machines with an exemption for machines and parts  for  machines      
   used  in commercial, coin-operated amusement and vending business if a      
   use or occupation tax is paid on the gross receipts derived  from  the      
   use  of  the commercial, coin-operated amusement and vending machines.      
   Effective immediately.                                                      
          FISCAL NOTE (Department of Revenue)                                  
          Retailers operating commercial, coin-operated vending busi-          
          nesses are required to register each vending machine with the        
          Dept. of Revenue. Currently, there are approximately 120,000         
          of these subcertificates in circulation. Assuming a replacement      
          rate of 10%, approximately 12,000 vending machines are replaced      
          each year. If these machines cost between $2500 and $5000 each,      
          the loss in State and local sales tax revenues would be $1.9         
          to $3.8 million.                                                     
Last action on Bill: PUBLIC ACT.............................. 92-0337

   Last action date: AUG-10-2001

           Location: House

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


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