Bill Status of SB 2516   97th General Assembly


Short Description:  USE/OCC TAX-FUEL-CAPITAL

Senate Sponsors
Sen. Kirk W. Dillard-Chris Lauzen-Ron Sandack

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.724 rep.
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3from Ch. 120, par. 442
230 ILCS 10/5from Ch. 120, par. 2405
230 ILCS 10/13from Ch. 120, par. 2413
230 ILCS 10/17from Ch. 120, par. 2417
230 ILCS 10/24 rep.
230 ILCS 40/Act rep.
720 ILCS 5/28-1from Ch. 38, par. 28-1
720 ILCS 5/28-1.1from Ch. 38, par. 28-1.1
720 ILCS 5/28-3from Ch. 38, par. 28-3

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 Department shall pay into the Capital Projects Fund 80% of the net revenue realized for the preceding month from the 6.25% general rate on the selling price of motor fuel and gasohol. Provides that, if in any month deposits into the Capital Projects Fund from the 6.25% general rate on the selling price of motor fuel and gasohol would cause the balance in the Capital Projects Fund to meet or exceed the amount necessary for payment of debt service on bonds issued for capital projects, then the amount of the deposit that exceeds the debt service obligations shall be deposited into the Road Fund. Repeals the Video Gaming Act and makes conforming changes. Contains an inseverability clause. Effective immediately.

Actions 
DateChamber Action
  10/27/2011SenateFiled with Secretary by Sen. Kirk W. Dillard
  10/27/2011SenateFirst Reading
  10/27/2011SenateReferred to Assignments
  10/27/2011SenateAdded as Chief Co-Sponsor Sen. Chris Lauzen
  10/28/2011SenateAdded as Chief Co-Sponsor Sen. Ron Sandack
  1/31/2012SenateAssigned to Revenue
  3/9/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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