House Sponsors: CURRIE. Senate Sponsors: PETERSON-BUTLER-PARKER Short description: AUTO LEASING TAX Synopsis of Bill as introduced: Creates the Automobile Leasing Occupation and Use Tax Act. Imposes a tax at the rate of 5% of the gross receipts of persons engaged in the business of leasing automobiles and a tax at the rate of 5% of the leasing price upon the privilege of using in this State an automobile that is leased from a lessor. Amends the State Finance Act, the Use Tax Act, and the Retailers' Occupation Tax Act. Imposes a use tax and a retailers' occupation tax at the rate of 1.25% on any motor vehicle that is sold to a lessor for the purpose of leasing under a lease subject to the Automobile Leasing Occupation and Use Tax Act. Imposes a tax at the rate of 5% on a motor vehicle that has been leased by a lessor to a lessee under a lease that is subject to the Automobile Leasing Occupation and Use Tax Act and is subsequently sold to the lessee of the vehicle. Provides for the distribution of proceeds of the tax. Effective July 1, 1998. FISCAL NOTE, AMENDED (Dpt. Revenue) HB2333, amended, does not create a fiscal impact. HOUSE AMENDMENT NO. 1. Deletes the enacting clause. SENATE AMENDMENT NO. 1. Inserts an enacting clause into the bill. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status