Illinois Administrative Code
Title 86 - REVENUE
Part 150 - USE TAX
Subpart A - NATURE OF THE TAX
Section 150.120 - Effective Date of New Taxes

Universal Citation: 86 IL Admin Code ยง 150.120
Current through Register Vol. 48, No. 12, March 22, 2024

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.

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