Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 105/3-5

35 ILCS 120/2-5

Synopsis As Introduced
Creates the Rental Purchase Agreement Occupation and Use Tax Act. Provides that an occupation tax is imposed upon persons engaged in this State in the business of renting merchandise under a rental-purchase agreement in Illinois, at the rate of 6.25% of the gross receipts received from such business. Provides that a corresponding use tax is imposed upon the privilege of using merchandise rented under a rental-purchase agreement in Illinois at the rate of 6.25% of the gross receipts received from such business. Provides for the imposition and collection of both taxes by the Department of Revenue, and for the filing of returns and the payment of taxes imposed under this Act. Provides the Department of Revenue with rulemaking authority. Amends the Use Tax Act and the Retailers' Occupation Tax Act to make conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
2/8/2017	House	Filed with the Clerk by Rep. Jay Hoffman
2/8/2017	House	First Reading
2/8/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to Revenue & Finance Committee
3/9/2017	House	To Sales and Other Taxes Subcommittee
3/22/2017	House	To Real & Personal Property Law Subcommittee
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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