USE/OCC TX-LEASED PROPERTY Senate SponsorsSen. Elgie R. Sims, Jr. and Neil Anderson 1/13/2021SenateSession Sine Die 35 ILCS 105/2from Ch. 120, par. 439.235 ILCS 105/3-535 ILCS 120/1from Ch. 120, par. 44035 ILCS 120/2-5Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, for any leased property (currently, for motor vehicles only), "selling price" means the consideration received by the lessor pursuant to the lease contract and includes certain amounts received by the lessor that are not calculated at the time the lease is executed. Provides for an exemption to the extent of any personal property lease transaction tax paid to a home rule municipality. Effective immediately. 2/14/2020SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/14/2020SenateFirst Reading 2/14/2020SenateReferred to Assignments 2/25/2020SenateAssigned to Revenue 3/3/2020SenateAdded as Co-Sponsor Sen. Neil Anderson 3/4/2020SenatePostponed - Revenue 3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020 3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020 3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020 4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020 4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020 4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020 4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020 4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020 5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020 5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020 5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020 1/13/2021SenateSession Sine Die