summary
Introduced
02/07/2024
02/07/2024
In Committee
05/08/2024
05/08/2024
Crossed Over
04/19/2024
04/19/2024
Passed
05/24/2024
05/24/2024
Dead
Signed/Enacted/Adopted
08/09/2024
08/09/2024
Introduced Session
103rd General Assembly
Bill Summary
Reinserts the provisions of the engrossed bill. Defines "substantial cost" as an amount equal to or greater than 10% of a motorcycle dealer's average annual net profits for the 3 years preceding the proposed improvements to the dealer's facility. Effective immediately.
AI Summary
This bill amends the Motor Vehicle Franchise Act to define "substantial cost" as an amount equal to or greater than 10% of a motorcycle dealer's average annual net profits for the 3 years preceding the proposed improvements to the dealer's facility. The bill also prohibits manufacturers from coercing or requiring motorcycle dealers to construct improvements to their facilities at a substantial cost to the dealer or from conditioning any eligibility for payments under any discount, credit, rebate, sales incentive, or similar program on the dealer constructing such improvements. The bill takes effect immediately.
Committee Categories
Justice, Transportation and Infrastructure
Sponsors (3)
Last Action
Public Act . . . . . . . . . 103-0839 (on 08/09/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4925&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| BillText | https://www.ilga.gov/legislation/publicacts/103/103-0839.htm |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB4925enr.htm |
| Senate Amendment 001 | https://www.ilga.gov/legislation/103/HB/10300HB4925sam001.htm |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB4925eng.htm |
| House Amendment 002 | https://www.ilga.gov/legislation/103/HB/10300HB4925ham002.htm |
| House Amendment 001 | https://www.ilga.gov/legislation/103/HB/10300HB4925ham001.htm |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB4925.htm |
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