SB3832 Summary

• Adds a new exemption to the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act for tangible personal property sold by or on behalf of the State Treasurer pursuant to the Revised Uniform Unclaimed Property Act.

• The exemption applies to property that is subject to sale under the unclaimed property law when the State Treasurer disposes of such property.

• Makes corresponding amendments across all four Illinois tax acts to ensure consistent exemption treatment for unclaimed property transactions.

• Effective immediately upon becoming law.