House Sponsors: NOVAK-SAVIANO. Senate Sponsors: DUDYCZ-PETERSON Short description: OCC-USE TAX-EXEMPT VENDING Synopsis of Bill as introduced: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Replaces the current exemption for new or used automatic vending machines that prepare and serve hot food and beverages and replacement parts for these machines with an exemption for machines and parts for machines used in commercial, coin-operated amusement and vending business if a use or occupation tax is paid on the gross receipts derived from the use of the commercial, coin-operated amusement and vending machines. Effective immediately. FISCAL NOTE (Department of Revenue) Retailers operating commercial, coin-operated vending busi- nesses are required to register each vending machine with the Dept. of Revenue. Currently, there are approximately 120,000 of these subcertificates in circulation. Assuming a replacement rate of 10%, approximately 12,000 vending machines are replaced each year. If these machines cost between $2500 and $5000 each, the loss in State and local sales tax revenues would be $1.9 to $3.8 million. Last action on Bill: PUBLIC ACT.............................. 92-0337 Last action date: AUG-10-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status