Exempts various types of tangible personal property from use tax in Illinois.
HB4627 amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, Retailers' Occupation Tax Act, and Vehicle Use Tax Article of the Illinois Vehicle Code to exempt certain tangible personal property from tax. These include property used in disaster relief, data centers, farm machinery, aircraft maintenance, and more. Exemptions also apply to certain purchases by not-for-profit organizations, schools, and active military members. The bill specifies conditions and durations for these exemptions.
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