103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB1767

 

Introduced 2/9/2023, by Sen. Rachel Ventura

 

SYNOPSIS AS INTRODUCED:
 
New Act
30 ILCS 105/5.990 new

    Creates the Cargo Transportation Tax Act. Provides that a tax is imposed upon each retailer that transports by common carrier tangible personal property into the State from a point outside of the State. Provides that the tax is imposed at the rate of 0.5% of the retail selling price of the tangible personal property. Provides that proceeds from the tax imposed by the Act shall be deposited into the Cargo Transportation Tax Fund, a special fund created in the State treasury. Provides that moneys in the Fund shall be used by the Department of Transportation for road projects in areas of the State that receive heightened levels of traffic as a result of the transportation of tangible personal property. Effective immediately.


LRB103 29085 HLH 55471 b

 

 

A BILL FOR

 

SB1767LRB103 29085 HLH 55471 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the Cargo
5Transportation Tax Act.
 
6    Section 5. Definitions. As used in this Act:
7    "Department" means the Department of Revenue.
8    "Retailer" means a retailer maintaining a place of
9business in the State, as that term is described in the
10Retailers' Occupation Tax Act.
 
11    Section 10. Tax imposed. On and after January 1, 2024, a
12tax is imposed upon each retailer that transports by common
13carrier tangible personal property into the State from a point
14outside of the State for the purpose of selling that tangible
15personal property at retail. The tax is imposed at the rate of
160.5% of the retail selling price of the tangible personal
17property.
 
18    Section 15. Incorporation. All of the provisions of
19Sections 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5i and 5j of the
20Retailers' Occupation Tax Act that are not inconsistent with
21this Act, and Section 3-7 of the Uniform Penalty and Interest

 

 

SB1767- 2 -LRB103 29085 HLH 55471 b

1Act, shall apply, as far as practicable, to the subject matter
2of this Act to the same extent as if such provisions were
3included herein.
 
4    Section 20. Distribution of proceeds. The proceeds from
5the tax imposed by this Act shall be deposited into the Cargo
6Transportation Tax Fund, a special fund created in the State
7treasury. Moneys in the Fund shall be used by the Department of
8Transportation for road projects in areas of the State that
9receive heightened levels of traffic as a result of the
10transportation of tangible personal property.
 
11    Section 25. Rules. The Department shall adopt rules to
12implement and administer this Act.
 
13    Section 900. The State Finance Act is amended by adding
14Section 5.990 as follows:
 
15    (30 ILCS 105/5.990 new)
16    Sec. 5.990. The Cargo Transportation Tax Fund.
 
17    Section 999. Effective date. This Act takes effect upon
18becoming law.