Bill > HB5252

This bill amends the Use Tax Act, the Service Use Tax Act, and the Retailers' Occupation Tax Act to clarify what constitutes the "selling price" for tax purposes. Specifically, it adds a provision stating that any assessment imposed under the Paint Stewardship Act will not be included in the "selling price" when calculating these taxes. This change aims to ensure that these specific assessments are not subject to sales and use taxes, providing clarity for businesses and consumers involved in transactions related to paint products.

https://www.ilga.gov/Legislation/BillStatus?DocNum=5252&GAID=18&DocTypeID=HB&SessionID=114&GA=104