Bill Status of HB4932 101st General Assembly
Short Description: USE/OCC-TRADE-IN VALUE
Rep. David A. Welter
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, beginning on July 1, 2020, the term "selling price" no longer includes the value of or credit given for traded-in tangible personal property. Effective immediately.