Senate Sponsors: ROSKAM. House Sponsors: MOORE Short description: OCC-USE TX-MULTISTATE EXMPTION 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. Exempts from the tax imposed by these Acts tangible personal property purchased from an Illinois vendor by a multistate taxpayer engaged in centralized purchasing activities in Illinois, provided that the tangible personal property purchased in Illinois from an Illinois vendor is only temporarily stored in this State prior to being transferred to an out-of-state location solely for use or consumption outside of this State. Effective immediately. SENATE AMENDMENT NO. 1. Deletes everything after the enacting clause. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Exempts from the tax imposed under these Acts, beginning on January 1, 2002, the use or purchase of tangible personal property purchased from an Illinois retailer by a taxpayer engaged in centralized purchasing activities in Illinois who will, upon receipt of the property in Illinois, temporarily store the property in Illinois (i) for the purpose of subsequently transporting it outside this State for use or consumption thereafter solely outside this State or (ii) for the purpose of being processed, fabricated, or manufactured into, attached to, or incorporated into other tangible personal property to be transported outside this State and thereafter used or consumed solely outside this State. Provides that the Department of Revenue shall issue a permit to taxpayers eligible for the exemption. Effective immediately. HOUSE AMENDMENT NO. 1. (Tabled May 30, 2001) Deletes reference to: 35 ILCS 105/3-55 35 ILCS 110/3-45 35 ILCS 115/3-5 35 ILCS 120/2-5 Adds reference to: 35 ILCS 120/14 from Ch. 120, par. 453 Deletes everything after the enacting clause. Amends the Retailers' Occupation Tax Act. Makes technical changes in a Section concerning the short title. Last action on Bill: PUBLIC ACT.............................. 92-0488 Last action date: AUG-23-2001 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status