Bill Status of SB 137   104th General Assembly


Short Description:  USE/OCC TX-VENDOR DISCOUNT

Senate Sponsors
Sen. Craig Wilcox

Last Action  View All Actions

DateChamber Action
  1/17/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 105/9
35 ILCS 110/9
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3

Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, if the retailer or serviceman reports less than $50,000 in sales during the month for which the return is filed, then the vendor's discount for that retailer or serviceman shall be 3.5% (currently, 1.75%) of the amount collected or $5 per calendar year, whichever is greater. Effective immediately.

Actions 
DateChamber Action
  1/17/2025SenateFiled with Secretary by Sen. Craig Wilcox
  1/17/2025SenateFirst Reading
  1/17/2025SenateReferred to Assignments

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