<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3907         </title>
<shortdesc>USE/OCC TX-TRADE IN</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Allen Skillicorn</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 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). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>10/4/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Allen Skillicorn</action>
<statusdate>10/17/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>10/17/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

