Illinois General Assembly - Bill Status for HB4326

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

Date	Chamber	Action
12/29/2005	House	Filed with the Clerk by Rep. Jim Watson
1/4/2006	House	First Reading
1/4/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

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