HB 1922 Illinois House · 102nd Regular Session

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 failed 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

Governor

Introduced Feb 16, 2021 Last action Jan 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 27, 2021

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 18, 2021

Lower · Passed

To Sales, Amusement, & Other Taxes Subcommittee

lower

Mar 9, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 17, 2021

Committee

Referred to Rules Committee

lower

1 primary · 4 co-sponsors