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HB 4101

USE/OCC TAX-HOLIDAY

104th Regular Session Introduced by Maurice West

Illinois bill creates temporary sales/use tax holiday to reduce consumer taxes on specified transactions during designated period, affecting state revenue.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 4101

Legislative bill overview

HB 4101 establishes a use/occupancy tax holiday in Illinois, temporarily suspending or reducing sales and use taxes on specified transactions or goods during a defined period. The bill would provide tax relief to consumers or businesses during the designated holiday window, similar to back-to-school or holiday shopping exemptions used in other states.

Why is this important

Tax holidays affect state revenue collection and can influence consumer spending patterns and business sales during peak periods. The fiscal impact depends on which products or services qualify and the duration of the holiday, potentially reducing state tax receipts while providing temporary relief to target populations or industries.

Potential points of contention

  • Revenue impact: State legislators will debate whether lost tax revenue during the holiday is justified by economic stimulus benefits or if it strains the budget
  • Scope definition: Disagreement likely over which products/services qualify, as broader exemptions reduce revenue more but benefit more consumers
  • Equity concerns: Questions about whether tax holidays disproportionately benefit higher-income shoppers who can afford larger purchases during the period

Compiled from official sources — confirm details with the bill’s official record.

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