Illinois General Assembly - Bill Status for HB3822
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 Bill Status of HB3822  96th General Assembly


Short Description:  USE/OCC TAX-ROLLING STOCK

House Sponsors
Rep. Frank J. Mautino - Thomas Holbrook

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/3-61
35 ILCS 110/3-51
35 ILCS 115/2d
35 ILCS 120/2-51


Synopsis As Introduced
Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. With respect to the rolling stock exemption for aircraft and watercraft, requires that greater than 50% of the trips or miles in a 12-month period must be qualifying trips (interstate, for hire). Provides that an election of the trips or mileage method remains in effect for the life of the item (now, during a notice of liability period). Effective immediately.

 Fiscal Note (Dept. of Revenue)
 Based on the Department's tax return data and audit experience, HB 3822 would result in an annual increase of State revenue from $500,000 to several million dollars in sales and use tax receipts, depending on the level of related expenditures, which can vary significantly from year to year given the high individual purchase of aircraft and watercraft.

Actions 
DateChamber Action
  2/25/2009HouseFiled with the Clerk by Rep. Frank J. Mautino
  2/25/2009HouseFirst Reading
  2/25/2009HouseReferred to Rules Committee
  3/3/2009HouseAssigned to Revenue & Finance Committee
  3/12/2009HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
  3/12/2009HouseRemains in Revenue & Finance Committee
  3/12/2009HouseDo Pass / Short Debate Revenue & Finance Committee; 013-000-000
  3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate
  3/12/2009HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/20/2009HouseFiscal Note Filed
  4/1/2009HouseSecond Reading - Short Debate
  4/1/2009HouseHeld on Calendar Order of Second Reading - Short Debate
  4/3/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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