HB3470 Summary

• Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to create a new exemption effective January 1, 2020.

• Exempts meals and food products for human consumption furnished or served to low-income elderly persons at or below cost by nonprofit organizations or governmental agencies operating state or federally funded programs.

• Exemption is permanent and exempt from automatic sunset provisions in the tax codes.

• Applies to all four major occupation and use tax statutes to ensure consistent treatment across different tax categories.

• Effective immediately upon becoming law.