IL SB2207

Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to extend the evaluation period for aircraft from 12 months to 24 months.

For aircraft purchased on or after January 1, 2024, "use as rolling stock moving in interstate commerce" occurs when the aircraft carries persons or property for hire in interstate commerce for more than 50% of trips or miles during a 24-month period (changed from 12-month period).

Aircraft purchased on or after January 1, 2014 but before January 1, 2024 continue to use the 12-month measurement period.

Watercraft purchased on or after January 1, 2014 maintain the existing 12-month period and are not affected by the changes.

Effective immediately upon becoming law.