<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3945         </title>
<shortdesc>USE/OCC TAX-VEHICLE TRADE IN</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Ryan Spain-Tony McCombie-Jonathan Carroll-Dan Brady-Michael Halpin, Grant Wehrli, Brad Halbrook and Thomas M. Bennett</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 105/2</reference><aliasreference>from Ch. 120, par. 439.2</aliasreference><reference>35 ILCS 120/1</reference><aliasreference>from Ch. 120, par. 440</aliasreference><reference>625 ILCS 5/3-1001</reference><aliasreference>from Ch. 95 1/2, par. 3-1001</aliasreference><SynopsisText>     Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the term "selling price" does not include the value of or credit given for traded-in tangible personal property (currently, beginning on January 1, 2020, with respect to motor vehicles, "selling price" does include the trade-in value). Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Provides that the tax on motorcycles, motor driven cycles, and mopeds shall be the same as for all other motor vehicles. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>10/29/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Ryan Spain</action>
<statusdate>10/29/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>10/29/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>11/25/2019</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Grant Wehrli</action>
<statusdate>11/25/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Tony McCombie</action>
<statusdate>11/25/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jonathan Carroll</action>
<statusdate>11/25/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Dan Brady</action>
<statusdate>11/25/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael Halpin</action>
<statusdate>12/18/2019</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Brad Halbrook</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/25/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Thomas M. Bennett</action>
<statusdate>2/27/2020</statusdate><chamber>House</chamber><action>To Sales, Amusement &amp; Other Taxes Subcommittee</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

