USE/OCC-TRADE-IN VALUE
Summary
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2019
Committee Review
Floor Vote
Governor
Introduced Sep 17, 2019
Last action Jun 23, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
16
Key actions
1
Committee
4
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Feb 27, 2020
Lower · Passed
To Sales, Amusement & Other Taxes Subcommittee
lower
Feb 18, 2020
Committee
Assigned to Revenue & Finance Committee
lower
Oct 17, 2019
Committee
Referred to Rules Committee
lower
0 primary · 9 co-sponsors
Sponsors
No sponsor information available.
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