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IL SB2250

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Napoleon Harris

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Exempts school buses equipped with safety belts for passengers from Use Tax Act and Retailers' Occupation Tax Act, effective January 1, 2020.

  • Adds new exemption item (40) to Use Tax Act (35 ILCS 105/3-5) and new exemption item (44) to Retailers' Occupation Tax Act (35 ILCS 120/2-5).

  • Provides that the automatic sunset provisions in Section 3-90 (Use Tax) and Section 2-70 (Retailers' Occupation Tax) do not apply to this exemption.

  • Takes effect immediately upon becoming law.

Legislative Description

USE/OCC TAX-SCHOOL BUS

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Tax Exemptions and Credits2/26/2020
Revenue2/4/2020
Assignments4/11/2019

Full Bill Text

No bill text available