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SB 1434 Illinois Senate · 100th Regular Session

RENTAL-PURCHASE TAX

Summary
Creates the Rental Purchase Agreement Occupation and Use Tax Act. Provides that an occupation tax is imposed upon persons engaged in this State in the business of renting merchandise under a rental-purchase agreement in Illinois, at the rate of 6.25% of the gross receipts received from such business. Provides that a corresponding use tax is imposed upon the privilege of using merchandise rented under a rental-purchase agreement in Illinois at the rate of 6.25% of the gross receipts received from such business. Provides for the imposition and collection of both taxes by the Department of Revenue, and for the filing of returns and the payment of taxes imposed under this Act. Provides the Department of Revenue with rulemaking authority. Amends the Use Tax Act and the Retailers' Occupation Tax Act to make conforming changes. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
May 2017
Committee Review
May 2017
Senate Passage
May 2017
House Passage
May 2017
Signed into Law
Aug 2017
Introduced May 5, 2017 Signed Aug 25, 2017
Floor votes · Senate May 31, 2017 · House May 30, 2017

How they voted

45–0
Passed · 6 other
Total votes 51
May 31, 2017
D Democratic31
28 Yea 3
90% Yea
R Republican20
17 Yea 3
85% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
61
Key actions
13
Committee
16
Amendments
10
Aug 25, 2017
Signed into law
Governor Approved
upper
May 31, 2017
Upper · Passed
Passed Both Houses
upper
May 31, 2017
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 053-000-000
upper
May 31, 2017
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 016-000-000
upper
May 31, 2017
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
upper
May 30, 2017
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 30, 2017
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2017
upper
May 30, 2017
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
May 30, 2017
House · Passed
House Vote: pass (87-16-2)
house
May 24, 2017
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 007-004-000
lower
May 24, 2017
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
May 24, 2017
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
May 23, 2017
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
May 23, 2017
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
lower
May 19, 2017
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 26, 2017
lower
May 15, 2017
Committee
Assigned to Revenue & Finance Committee
lower
May 9, 2017
Committee
Referred to Rules Committee
lower
May 5, 2017
Introduced
Arrived in House
lower
May 4, 2017
Upper · Passed
Senate Floor Amendment No. 2 Adopted; T. Cullerton
upper
May 4, 2017
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 008-000-000
upper
Apr 25, 2017
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Revenue
upper
Apr 24, 2017
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Apr 24, 2017
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Thomas Cullerton
upper
Mar 16, 2017
Upper · Passed
Do Pass as Amended Revenue; 008-000-000
upper
Mar 15, 2017
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 15, 2017
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Revenue
upper
Mar 9, 2017
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 9, 2017
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton
upper
Feb 22, 2017
Committee
Assigned to Revenue
upper
Feb 9, 2017
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.