Bill Status of SB2923  103rd General Assembly

Short Description:  MANUFACTURING-ENERGY-EXEMPTION

Senate Sponsors
Sen. Dale Fowler

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 173/5-10
35 ILCS 615/1from Ch. 120, par. 467.16
35 ILCS 640/2-4


Synopsis As Introduced
Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of "gross receipts" does not include consideration received from certain business enterprises. Amends the Electricity Excise Tax Law. Provides that the tax under the Act is not imposed with respect to any use by the purchaser in the process of manufacturing or assembling tangible personal property for wholesale or for retail sale or lease. Effective immediately.

Actions 
DateChamber Action
  1/26/2024SenateFiled with Secretary by Sen. Dale Fowler
  1/26/2024SenateFirst Reading
  1/26/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments