The bill would amend the General Property Tax Act to provide that a food or beverage vending machine that was subject to a lease or rental agreement would have to be assessed to the owner of the machine at the location at which the owner was located, and would not be assessable at the machine's location on tax day (December 31). As used in the bill, "food or beverage vending machine" would mean a self-service device offered for public use that, upon insertion of a coin, token, card, key, or paper currency, dispensed unit servings of food or beverages without the necessity of replenishing the device between each vending operation.