(35 ILCS 120/1c) (from Ch. 120, par. 440c)
Sec. 1c. A person who is engaged in the business of leasing or
renting motor vehicles or, beginning July 1, 2003, aircraft or, beginning September 1, 2004, watercraft to others and
who, in connection with such
business sells any used motor vehicle,
aircraft, or watercraft to a purchaser for his
use and not
for the purpose of resale, is a retailer engaged in the business of
selling tangible personal property at retail under this Act to the
extent of the value of the motor vehicle,
aircraft, or watercraft sold. For the purpose of
this
Section "motor vehicle" has the meaning prescribed in Section 1-157 of
the Illinois Vehicle Code, as now or hereafter amended.
For the purpose of this Section "aircraft" has the meaning prescribed in
Section
3 of the
Illinois Aeronautics Act.
For the purpose of this Section, "watercraft" has the meaning prescribed in Section 5-5 of the Watercraft Use Tax Law. (Nothing
provided herein shall affect liability incurred under this Act because
of the sale at retail of such motor vehicles, aircraft, or watercraft to a lessor.)
(Source: P.A. 93-24, eff. 6-20-03; 93-840, eff. 7-30-04.)
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