PETERSON-DILLARD. (MOORE,ANDREA-DAVIS,MONIQUE) New Act 30 ILCS 115/1 from Ch. 85, par. 611 35 ILCS 105/3-5 from Ch. 120, par. 439.3-5 35 ILCS 105/9 from Ch. 120, par. 439.9 35 ILCS 105/9.5 new 35 ILCS 110/3-5 from Ch. 120, par. 439.33-5 35 ILCS 115/3-5 from Ch. 120, par. 439.103-5 35 ILCS 120/1c-5 new 35 ILCS 120/2-5 from Ch. 120, par. 441-5 35 ILCS 120/3 from Ch. 120, par. 442 35 ILCS 120/3.5 new Creates the Qualified Technological Equipment Leasing Occupation and Use Tax Act. Imposes a tax on persons engaged in the State in the business of leasing qualified technological equipment in Illinois at the rate of 6.25% of the gross receipts received from the business. Imposes a tax upon the privilege of using in this State qualified technological equipment that is leased from a lessor at the rate of 6.25% of the leasing price of the equipment paid to the lessor under a lease agreement. Provides that each month the Department shall pay into the Local Government Distributive Fund 20% of the net revenue realized for the preceding month under this Act. Provides that the remaining 80% shall be distributed under the Use Tax Act and the Retailers' Occupation Tax Act. Exempts manufacturer-lessors from the coverage of the Act and allows qualified lessees to opt out of the coverage of the Act and pay taxes pursuant to the Retailers' Occupation Tax Act or the Use Tax Act instead. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to exempt from the taxes imposed under those Acts qualified technological equipment sold to lessors for lease under leases subject to the Qualified Technological Equipment Leasing Occupation and Use Tax Act. Provides that the exemption is available for so long as the equipment is leased. Provides that the exemptions are not subject to the sunset provisions. Provides that the exemptions for computer equipment used in hospitals and certain property leased to a governmental body are exempt from the sunset provisions. In the Use Tax Act and the Retailers' Occupation Tax Act, provides that a purchaser of qualified technological equipment may obtain a refund of use and occupation taxes paid administered by the Department of Revenue if the purchaser sells the property to a rentor under a bona fide sale and leaseback transaction to such purchaser within 90 days of the first functional use of the property. Makes other changes. Effective January 1, 2001. HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 115/1 35 ILCS 105/3-5 35 ILCS 105/9 35 ILCS 105/9.5 new 35 ILCS 110/3-5 35 ILCS 115/3-5 35 ILCS 120/1c-5 new 35 ILCS 120/2-5 35 ILCS 120/3 35 ILCS 120/3.5 new Deletes everything. Reinserts the short title of the Act only. 00-02-10 S FIRST READING 00-02-10 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-10 S ASSIGNED TO COMMITTEE REVENUE 00-02-17 S DO PASS 009-000-000 SREV 00-02-17 S PLACED ON CALENDAR ORDER OF 2ND READING 00-02-22 00-02-23 S SECOND READING 00-02-23 S PLACED ON CALENDAR ORDER OF 3RD READING 00-02-24 00-02-24 S THIRD READING - PASSED 057-000-000 00-02-24 H ARRIVE IN HOUSE 00-02-24 H PLACED CALENDAR ORDER OF FIRST READING 00-02-25 H HOUSE SPONSOR MOORE,ANDREA 00-02-25 H FIRST READING 00-02-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-03-14 H ALTERNATE PRIMARY SPONSOR CHANGED TO PUGH 00-03-14 H ADDED AS A JOINT SPONSOR MOORE,ANDREA 00-03-16 H ASSIGNED TO COMMITTEE REVENUE 00-03-24 H AMENDMENT NO. 01-REVENUE H 00-03-24 H ADOPTED 00-03-24 H DO PASS AMENDED/SHORT DEBATE 009-000-000 HREV 00-03-24 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-04-05 H SECOND READING-SHORT DEBATE 00-04-05 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-04-06 H AMENDMENT NO. 02-PUGH 00-04-06 H AMENDMENT REFERRED TO HRUL 00-04-06 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-04-07 H ADDED AS A JOINT SPONSOR DAVIS,MONIQUE 00-04-07 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 00-12-15 H ALTERNATE PRIMARY SPONSOR CHANGED TO MOORE,ANDREA 00-12-15 H JOINT-ALTERNATE-SPONSOR CHANGED TO DAVIS,MONIQUE 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary