Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, beginning 120 days after the effective date of the amendatory Act, the term "selling price" no longer includes the value of traded-in motor vehicles. Amends the Illinois Vehicle Code. In a Section concerning the use tax on motor vehicles, makes changes concerning the amount of the tax. Effective immediately.

Statutes affected:
Introduced: 35 ILCS 105/2, 35 ILCS 120/1, 625 ILCS 5/3
Engrossed: 35 ILCS 105/2, 35 ILCS 120/1, 625 ILCS 5/3
Enrolled: 35 ILCS 105/2, 35 ILCS 120/1, 625 ILCS 5/1, 625 ILCS 5/3
Public Act: 35 ILCS 105/2, 35 ILCS 120/1, 625 ILCS 5/1, 625 ILCS 5/3