|
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4522 Introduced 1/31/2012, by Rep. Barbara Flynn Currie 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. |
| |
| | A BILL FOR |
|
|
| | HB4522 | | LRB097 18407 HLH 63633 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 |
| 11 | | 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.)
|