HB 1647 Summary

• Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to expand the farm machinery and equipment exemption.

• Beginning January 1, 2024, electrical power generation equipment used primarily for production agriculture is added to the definition of exempt farm machinery and equipment.

• Applies the exemption across all four tax statutes to ensure consistent treatment of agricultural power generation equipment.

• Takes effect immediately upon becoming law.