IL SB2432

Amends the Service Use Tax Act and Service Occupation Tax Act to add "the Assisted Living and Shared Housing Act" to the list of licensing acts qualifying entities for a 1% tax rate on food prepared for immediate consumption.

Adds entities holding permits under the Life Care Facilities Act to those eligible for the reduced 1% tax rate on food prepared for immediate consumption.

Applies the same 1% reduced tax rate to food for human consumption sold for off-premises consumption by qualifying entities licensed under the Hospital Licensing Act, Nursing Home Care Act, Assisted Living and Shared Housing Act, ID/DD Community Care Act, MC/DD Act, Specialized Mental Health Rehabilitation Act of 2013, Child Care Act of 1969, and Life Care Facilities Act.

Maintains existing tax provisions for motor fuel, gasohol, biodiesel blends, and other tangible personal property transferred as part of service sales.