94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0692


 
Introduced 2/18/2005, by Sen. Don Harmon - Emil Jones, Jr.
 
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 08547 BDD 38754 b

















 


 


A BILL FOR









 











SB0692

LRB094 08547 BDD 38754 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 
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1a as follows:
 



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



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    Sec. 1a. A person who is engaged in the
the business of 
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leasing or renting
motor vehicles to others and who, in 
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connection with such business sells
any used motor vehicle to a 
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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

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

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