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Use/occ-trade-in Value

This bill failed and is no longer moving.

IL HB 2824 · House Bill · 102nd

Stage
Failed
Started in
House
Sponsor
1
Latest action
Jan 10, 2023

What it does

Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Effective immediately.

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This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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USE/OCC-TRADE-IN VALUE | 52