86 Ill. Adm. Code 150.120 — Effective Date of New Taxes

# Effective Date of New Taxes

TITLE 86: REVENUE CHAPTER I: DEPARTMENT OF REVENUE PART 150 USE TAX SECTION 150.120 EFFECTIVE DATE OF NEW TAXES

Section 150.120 Effective Date of New Taxes When something that has been exempted becomes liable as to purchases that are made on and after some particular date, the date of purchase for this purpose shall be deemed to be the date of the delivery of the property. This is true even if such delivery is made under a contract that was entered into before the effective date of the new tax. (Source: Amended and effective September 9, 1969)

Section 150.120 Effective Date of New Taxes

When something that has been exempted becomes liable as to purchases that are made on and after some particular date, the date of purchase for this purpose shall be deemed to be the date of the delivery of the property. This is true even if such delivery is made under a contract that was entered into before the effective date of the new tax.

(Source: Amended and effective September 9, 1969)