Bill Status of HB 3886   97th General Assembly


Short Description:  USE/OCC TX-SMALL BUSINESS

House Sponsors
Rep. La Shawn K. Ford

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-18from Ch. 127, par. 142z-18
30 ILCS 105/6z-20from Ch. 127, par. 142z-20
35 ILCS 105/3-10
35 ILCS 105/3-55from Ch. 120, par. 439.3-55
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/3-10from Ch. 120, par. 439.33-10
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/3-10from Ch. 120, par. 439.103-10
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/2-10
35 ILCS 120/2k new
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of tax on certain items of tangible personal property purchased from a certified small business is 5.25% (instead of 6.25%). Provides that the rate of tax on certain items of tangible personal property purchased by a small business that participates in a small business incentive program established by the Department of Revenue is 5.25% (instead of 6.25%). Provides that the Department of Revenue shall certify those small businesses and shall establish the small business incentive program. Provides that businesses that participate in the small business incentive program shall be charged a fee of $250 per year. Effective January 1, 2013.

Actions 
DateChamber Action
  11/21/2011HouseFiled with the Clerk by Rep. La Shawn K. Ford
  11/21/2011HouseFirst Reading
  11/21/2011HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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