94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1722


 
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Dan Reitz
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 105/1a
  from Ch. 120, par. 439.1a








    Amends the Use Tax Act. Makes a technical change in a Section concerning the sale of a
leased or rented motor vehicle.















LRB094 03221 BDD 33222 b

















 


 


A BILL FOR









 











HB1722

LRB094 03221 BDD 33222 b






1
    AN ACT concerning revenue.

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 


 
4
    Section 5. The Use Tax Act is amended by changing Section 
5
1a as follows:
 



6
    (35 ILCS 105/1a)  (from Ch. 120, par. 439.1a)



7
    Sec. 1a. A person who is engaged in the
the business of 
8
leasing or renting
motor vehicles to others and who, in 
9
connection with such business sells
any used motor vehicle to a 
10
purchaser for his use and not for the purpose
of resale, is a 
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retailer engaged in the business of selling tangible personal

12
property at retail under this Act to the extent of the value of 
13
the vehicle
sold. For the purpose of this Section, "motor 
14
vehicle" has the meaning prescribed
in Section 1-157 of The 
15
Illinois Vehicle Code, as now or hereafter amended.
(Nothing 
16
provided herein shall affect liability incurred under this Act

17
because of the use of such motor vehicles as a lessor.)
18
(Source: P.A. 80-598.)