92nd General Assembly
Summary of SB0730
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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