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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.
Introduced
Jan 17, 2025
Last Action
May 30, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Added as Co-Sponsor Sen. Chris Balkema
Filed with Secretary by Sen. Craig Wilcox
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added as Co-Sponsor Sen. Chris Balkema