USE/OCC TX-VENDOR DISCOUNT

Session: 103rd General Assembly
Year: 2024
Bill #: HB5844
Category: Revenue
Position: Under Review
Mandate?
Revenue Loss?
Authority Preemption?

View bill

Summary 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, on and after January 1, 2025, the vendor discount under those Acts is 2.5%, not to exceed $500 per month in the aggregate. Amends the Prepaid Wireless 9-1-1 Surcharge Act. Provides that the vendor discount under the Act may not exceed $500 per month. Effective January 1, 2025.



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