USE/OCC TAX-LUXURY ITEMS House SponsorsRep. LaShawn K. Ford 1/11/2011HouseSession Sine Die 35 ILCS 105/3-1 new35 ILCS 120/2-1 new Amends the Use Tax Act and the Retailers' Occupation Tax Act. Imposes an additional tax of 5% on the following luxury items: (1) a passenger motor vehicle to the extent that the selling price exceeds $60,000; (2) a vessel (watercraft) to the extent that the selling price exceeds $200,000; (3) an aircraft to the extent that the selling price exceeds $500,000; and (4) jewelry or fur clothing and footwear to the extent that the selling price per item of jewelry or fur clothing and footwear exceeds $20,000. Provides for administration and collection of the tax. Provides for all amounts collected to be deposited into the General Revenue Fund. Contains other provisions. Effective July 1, 2009. 2/4/2009HouseFiled with the Clerk by Rep. LaShawn K. Ford 2/4/2009HouseFirst Reading 2/4/2009HouseReferred to Rules Committee 2/9/2009HouseAssigned to Revenue & Finance Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die