Illinois terminates various exemptions.

As of July 1, 2003, Illinois is putting a halt to many of the state’s exemptions in attempts to help bolster the state’s revenue. The following items are no longer exempt from Illinois retailers’ occupation (sales) tax, service occupation (sales) tax, service use tax, and use tax: pollution control facilities and devices; replacement passenger cars; graphic arts machinery and equipment; oil field exploration, drilling, and production equipment; coal exploration, mining, processing and reclamation equipment; and distillation machinery and equipment for producing ethyl alcohol to be used as motor fuel for the user’s personal use. (S.B. 842, Laws 2003, effective as noted above.)

Posted on July 15, 2003