HB5901 Summary

• Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to create a new exemption for materials furnished to common interest community associations.

• Materials must be furnished pursuant to a contract entered into with a road district's highway commissioner under subsection (k) of Section 1-30 of the Common Interest Community Association Act.

• The exemption applies to all four tax statutes, with each containing parallel language exempting the same materials from their respective tax impositions.

• Specifies that the exemptions are exempt from Section 3-90 (Use Tax), Section 3-75 (Service Use Tax), Section 3-55 (Service Occupation Tax), and Section 2-70 (Retailers' Occupation Tax) provisions.