IL SB3221

Reinstates exemption for tangible personal property purchased from Illinois retailers by taxpayers engaged in centralized purchasing activities in Illinois, allowing them to temporarily store property in-state before transporting it outside Illinois for use or consumption elsewhere.

Extends the sunset date for the centralized purchasing exemption from June 30, 2016 to June 30, 2022.

Applies the reinstatement and extension to four tax acts: Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.

Requires eligible taxpayers to obtain permits from the Director of Revenue and maintain records substantiating that all property is used and consumed outside Illinois.

Effective immediately upon becoming law.