Bill

Bill > SB2648


IL SB2648

IL SB2648
USE TAX-MILITARY-VEHICLES


summary

Introduced
01/10/2024
In Committee
05/17/2024
Crossed Over
Passed
Dead
01/08/2025

Introduced Session

103rd General Assembly

Bill Summary

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Vehicle Use Tax Article of the Illinois Vehicle Code. Provides that the taxes under those Acts do not apply to a motor vehicle that is registered in the State to an Illinois resident who acquired the vehicle while the Illinois resident was stationed outside of this State as an active duty member of the military.

AI Summary

This bill amends several tax acts in Illinois to exempt from taxes a motor vehicle of the first division that is registered in the state to an Illinois resident who acquired the vehicle while the Illinois resident was stationed outside of the state as an active duty member of the military. The bill defines key terms such as "active duty member of the military" and "Illinois resident". This exemption applies to the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Vehicle Use Tax Article of the Illinois Vehicle Code.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Session Sine Die (on 01/07/2025)

Bill Topics

Defense
  • ‐ Personnel Issues
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

Loading...

bill summary

Loading...
Loading...