USE/OCC TX-LEASED PROPERTY
Summary
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, for any leased property (currently, for motor vehicles only), "selling price" means the consideration received by the lessor pursuant to the lease contract and includes certain amounts received by the lessor that are not calculated at the time the lease is executed. Provides for an exemption to the extent of any personal property lease transaction tax paid to a home rule municipality. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2020
Last action May 15, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
0
Committee
9
May 7, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 22, 2020
Apr 30, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 15, 2020
Apr 23, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 7, 2020
Apr 16, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 30, 2020
Apr 12, 2020
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Mar 25, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 24, 2020
Mar 18, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 2, 2020
Feb 25, 2020
Senate · Referred to committee
Assigned to Revenue
Feb 14, 2020
Senate · Referred to committee
Referred to Assignments
0 primary · 2 co-sponsors
Sponsors
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