summary
Introduced
07/31/2023
07/31/2023
In Committee
04/05/2024
04/05/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Creates a sales tax holiday period for certain school supplies from August 2, 2024 through August 11, 2024.Effective immediately.
AI Summary
This bill amends the Use Tax Act and the Retailers' Occupation Tax Act to create a sales tax holiday period from August 2, 2024 through August 11, 2024 for certain school supplies. During this sales tax holiday period, the tax rate on these items will be reduced from the standard 6.25% to 1.25%. The bill also makes technical changes related to the administration and distribution of tax revenue from these sales tax holiday items.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Session Sine Die (on 01/07/2025)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4114&GAID=17&DocTypeID=HB&SessionID=112&GA=103 | 07/31/2023 |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB4114.htm | 07/31/2023 |
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