GA96HB451 96 HB 451 USE/OCC TAX-LUXURY ITEMS Amends the Use Tax Act and the Retailers' Occupation Tax Act. Imposes an additional tax of 5% on the following luxury items: (1) a passenger motor vehicle to the extent that the selling price exceeds $60,000; (2) a vessel (watercraft) to the extent that the selling price exceeds $200,000; (3) an aircraft to the extent that the selling price exceeds $500,000; and (4) jewelry or fur clothing and footwear to the extent that the selling price per item of jewelry or fur clothing and footwear exceeds $20,000. Provides for administration and collection of the tax. Provides for all amounts collected to be deposited into the General Revenue Fund. Contains other provisions. Effective July 1, 2009. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=451&GAID=10&DocTypeID=HB&LegId=40792&SessionID=76&GA=96 2009-02-09 00:00:00 House Assigned to Revenue & Finance Committee 0 3 HREF 2009-02-04 00:00:00 House Referred to Rules Committee 0 2 HRUL 2009-02-04 00:00:00 House First Reading 1 1 2009-03-13 00:00:00 House Rule 19(a) / Re-referred to Rules Committee 1 4 HRUL 2009-02-04 00:00:00 House Filed with the Clerk by Rep. LaShawn K. Ford 0 0 LaShawnKFord House Chief Sponsor