summary
Introduced
02/08/2024
02/08/2024
In Committee
05/31/2024
05/31/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
Potential new amendment
103rd General Assembly
Bill Summary
Amends the Tobacco Products Tax Act of 1995. Provides that remote retail sellers that meet certain sales criteria are required to collect and remit the tax under the Act. Provides that, beginning on January 1, 2025, the tax under the Act is 36% of (i) the actual cost paid by a distributor or remote retail seller for the stock keeping unit or (ii) if documentation of the actual cost is not available due to matters beyond the distributor or remote retail seller's control, the actual cost list paid by the distributor or remote retail seller for the stock keeping unit. Effective January 1, 2025.
AI Summary
This bill amends the Tobacco Products Tax Act of 1995 to provide that remote retail sellers that meet certain sales criteria are required to collect and remit the tax under the Act. Beginning on January 1, 2025, the tax is 36% of the actual cost paid by a distributor or remote retail seller for the stock keeping unit, or if documentation of the actual cost is not available, the actual cost list paid by the distributor or remote retail seller. The bill also requires remote retail sellers that meet certain sales thresholds to obtain a remote retail seller's license from the Department of Revenue and register under the Retailers' Occupation Tax Act.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Session Sine Die (on 01/07/2025)
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=5108&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| House Amendment 002 | https://www.ilga.gov/legislation/103/HB/10300HB5108ham002.htm |
| House Amendment 001 | https://www.ilga.gov/legislation/103/HB/10300HB5108ham001.htm |
| BillText | https://www.ilga.gov/legislation/103/HB/10300HB5108.htm |
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