IL SB1249

Amends four Illinois tax acts (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 now included in the farm machinery and equipment exemption from sales and use taxes.

The exemption applies to the same tax acts that previously exempted other farm machinery, equipment, and related items used in agricultural production.

Effective immediately upon becoming law.