Illinois Compiled Statutes (Tax)
35 ILCS 105/3-90
Sunset of exemptions, credits, and deductions
Sec. 3-90. Sunset of exemptions, credits, and deductions.
# (a)
The application of every exemption, credit, and deduction against tax imposed by this Act that becomes law after the effective date of this amendatory Act of 1994 shall be limited by a reasonable and appropriate sunset date. A taxpayer is not entitled to take the exemption, credit, or deduction beginning on the sunset date and thereafter. Except as provided in subsection (b) of this Section, if a reasonable and appropriate sunset date is not specified in the Public Act that creates the exemption, credit, or deduction, a taxpayer shall not be entitled to take the exemption, credit, or deduction beginning 5 years after the effective date of the Public Act creating the exemption, credit, or deduction and thereafter.
# (b)
Notwithstanding the provisions of subsection (a) of this Section, the sunset date of any exemption, credit, or deduction that is scheduled to expire in 2011, 2012, or 2013 by operation of this Section shall be extended by 5 years. (Source: P.A. 97-636, eff. 6-1-12 .)
Source: view the official text
Nearby sections (25 sections)
- 105/3-44.5 · Diesel fuel
- 105/3-45 · Collection
- 105/3-50 · Manufacturing and assembly exemption
- 105/3-55 · Multistate exemption
- 105/3-60 · Rolling stock exemption
- 105/3-61 · Motor vehicles; trailers; use as rolling stock definition
- 105/3-65 · Sec. 3-65
- 105/3-70 · Property acquired by nonresident
- 105/3-75 · Serviceman transfer
- 105/3-80 · Liability because of amendatory Act
- 105/3-85 · Manufacturer's Purchase Credit
- 105/3-87 · Sustainable Aviation Fuel Purchase Credit
- 105/3-90 · Sunset of exemptions, credits, and deductions
- 105/3a · The tax imposed by the Act shall when collected be stated as a…
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- 105/5 · Except as to motor vehicles and other items of tangible…
- 105/6 · A retailer maintaining a place of business in this State, if…
- 105/7 · It is unlawful for any retailer to advertise or hold out or…
- 105/8 · Any retailer required to collect the tax imposed by this Act…
- 105/9 · Sec. 9
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- 105/10.5 · Individual use tax amnesty
- 105/10a · Notwithstanding any other provision to the contrary, any…
- 105/11 · Every retailer required or authorized to collect taxes…
- 105/12 · Applicability of Retailers' Occupation Tax Act and Uniform…