Illinois Compiled Statutes 35 ILCS 120/2-7 – Aggregate manufacturing exemption
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 35 ILCS 120/2-7
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Through June 30, 2003, gross receipts from proceeds from the sale of aggregate exploration, mining, offhighway hauling, processing, maintenance, and reclamation equipment, including replacement parts and equipment, and including equipment purchased for lease, but excluding motor vehicles required to be registered under the Illinois Vehicle Code, are exempt from the tax imposed by this Act.