SB3918 provides tax exemptions for various types of tangible personal property in Illinois.
SB3918 amends several tax acts in Illinois to provide exemptions for specific types of tangible personal property. These include exemptions for personal property used in the construction of single-family homes, equipment for aircraft maintenance, materials for community water supplies, and various items related to agricultural production. The bill also exempts certain items from the Retailers' Occupation Tax Act, Use Tax Act, and Service Use Tax Act. Exemptions are granted for items such as breast pumps, menstrual products, and equipment for data centers.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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