SB2945 Summary

• Exempts sales of feed, including hay, for livestock, horses, and poultry from the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act, effective January 1, 2021.

• Applies the exemption across all four Illinois tax codes by adding new subsections to each Act's exemption provisions.

• Exempts these feed provisions from the "nexus" or related tax provisions in each respective Act.

• Takes effect immediately upon becoming law, with the actual tax exemption beginning January 1, 2021.