92nd General Assembly
Summary of SB0617
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Senate Sponsors:
PETERSON.

House Sponsors:
HOLBROOK-HARTKE-MCGUIRE-REITZ-STEPHENS

Short description: 
USE-OCC TX-EXEMPT LEASED EQUIP                                             

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation Tax Act, and the Retailers' Occupation Tax Act.  Provides a      
   tax  exemption,  beginning  on  January  1,  2001,  for  computers and      
   communications  equipment  utilized  for  any  hospital  purpose   and      
   equipment  used  in  the diagnosis, analysis, or treatment of hospital      
   patients sold to or purchased by a lessor who leases the equipment for      
   one year or longer to a tax  exempt  hospital.   Provides  for  a  tax      
   exemption, beginning on January 1, 2001, for personal property sold to      
   or  purchased  by  a  lessor  who  leases the property for one year or      
   longer to a tax exempt governmental body.   Exempts  from  the  sunset      
   provisions of the Acts.  Effective immediately.                             
        SENATE AMENDMENT NO. 1.                                                
        Provides that the exemptions begin on the effective date of  this      
   amendatory  Act of the 92nd General Assembly (now, begin on January 1,      
   2001).                                                                      
 
Last action on Bill: PUBLIC ACT.............................. 92-0227

   Last action date: AUG-02-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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