Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 105/2

from Ch. 120, par. 439.2

35 ILCS 120/1

from Ch. 120, par. 440

35 ILCS 157/10-15

35 ILCS 158/15-10

Synopsis As Introduced
Amends the Use Tax Act, the Retailers' Occupation Tax Act, the Aircraft Use Tax Law, and the Watercraft Use Tax Law. Provides that the taxes under those Acts do not apply to transfers that occur between a natural individual and (i) a revocable trust where the transferor is the grantor of the trust or (ii) a business entity if the transferor has ownership or control of the business entity. Provides that the transferor must retain a beneficial interest in the property, and the property must be transferred without valuable consideration.

Actions 

Date	Chamber	Action
1/4/2022	House	Filed with the Clerk by Rep. Amy Elik
1/5/2022	House	First Reading
1/5/2022	House	Referred to Rules Committee
2/9/2022	House	Assigned to Revenue & Finance Committee
2/15/2022	House	To Sales, Amusement, & Other Taxes Subcommittee
2/18/2022	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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