Exempts leases of solar energy systems from taxes under Illinois tax acts.
SB1633 amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to exempt leases of solar energy systems from taxation. This exemption applies to solar energy systems defined in the Property Tax Code. The bill also includes various other exemptions for different types of tangible personal property, such as farm machinery, graphic arts equipment, and medical supplies, among others. These exemptions are subject to specific conditions and durations, often tied to the use or purpose of the property.
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