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<xml>
<title>Illinois General Assembly - Bill Status for HB 4932         </title>
<shortdesc>USE/OCC-TRADE-IN VALUE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David A. Welter</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><SynopsisText>     Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, beginning on July 1, 2020, the term "selling price" no longer includes the value of or credit given for traded-in tangible personal property. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David A. Welter</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/12/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</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>

