IL SB1755

Exempts food sold at retail to students, teachers, or staff during designated breakfast or lunch periods on public or non-public school premises (grades K-12) from the Retailers' Occupation Tax, provided the school has an active identification number issued by the Department.

Clarifies that nonreusable tangible personal property used by restaurants, cafeterias, or drive-ins (cups, plates, napkins, doggie bags, etc.) transferred to customers as part of food or beverage sales constitutes a sale for resale and is exempt from taxation.

Defines "sale at retail" to include Illinois florist transactions where purchase orders are received in Illinois but delivery occurs in another state.

Establishes that slag produced as a byproduct of manufacturing pig iron or steel is considered an intentionally produced byproduct eligible for resale exemption.

Includes comprehensive provisions regarding motor vehicle leases for terms longer than one year, specifying how selling price is calculated and tax liability is assigned between lessors and retailers.