Bill Status of HB 4326   94th General Assembly


Short Description:  USE & OCC TAXES-WATER CO-OPS

House Sponsors
Rep. Jim Watson

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/3-5from Ch. 120, par. 439.3-5
35 ILCS 110/3-5from Ch. 120, par. 439.33-5
35 ILCS 115/3-5from Ch. 120, par. 439.103-5
35 ILCS 120/2-5from Ch. 120, par. 441-5

Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Beginning on January 1, 2007, exempts from the taxes imposed by these Acts tangible personal property purchased by a not-for-profit corporation organized under the General Not For Profit Corporation Act of 1986 for the purpose of ownership and operation of water supply facilities for drinking and general domestic use on a mutual or cooperative basis. Provides that the exemptions are not subject to the sunset provisions of the Acts. Effective immediately.

Actions 
DateChamber Action
  12/29/2005HouseFiled with the Clerk by Rep. Jim Watson
  1/4/2006HouseFirst Reading
  1/4/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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