Bill Status of HB 4840   101st General Assembly


Short Description:  USE TAX-DEMONSTRATION

House Sponsors
Rep. Michael J. Zalewski

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/2from Ch. 120, par. 439.2
35 ILCS 105/3-5
35 ILCS 110/2from Ch. 120, par. 439.32
35 ILCS 110/3-5

Synopsis As Introduced
Amends the Use Tax Act and the Service Use Tax Act. Provides that the demonstration use or interim use of tangible personal property purchased for resale is exempt for a period of 18 months after the retailer or serviceman purchases the tangible personal property for resale. Provides that, if the period of demonstration use or interim use exceeds 18 months, the retailer or serviceman shall pay tax on the original cost price. Effective immediately.

Actions 
DateChamber Action
  2/11/2020HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  3/12/2020HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  3/12/2020HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top