IL SB3790

Reinstates a tax exemption for tangible personal property purchased by taxpayers engaged in centralized purchasing activities in Illinois who temporarily store the property before transporting it out of state for use solely outside Illinois.

The exemption originally expired on June 30, 2016; this bill revives it beginning July 1, 2026, with a new expiration date of June 30, 2031.

Amends four Illinois tax acts: the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.

The exemption aims to prevent actual or likely multistate taxation on property that is processed, fabricated, or incorporated into other goods and then used solely outside Illinois.

The Director of Revenue is authorized to issue permits to eligible taxpayers in good standing to purchase tangible personal property exempt from these taxes.