HB6330 95TH GENERAL ASSEMBLY

LRB095 20666 HLH 48973 b

95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB6330

Introduced , by Rep. Angelo Saviano

SYNOPSIS AS INTRODUCED:

35 ILCS 120/2-75 new

Amends the Retailers' Occupation Tax Act. Provides that no tax is imposed under the Act upon the purchase of jet fuel by an Illinois-based commercial airline from August 1, 2008 through August 31, 2008. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning revenue.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Retailers' Occupation Tax Act is amended by adding Section 2-75 as follows:

(35 ILCS 120/2-75 new)

Sec. 2-75. Tax holiday. No tax is imposed under this Act upon persons engaged in the business of selling jet fuel to Illinois-based commercial airlines from August 1, 2008 through August 31, 2008.

Section 99. Effective date. This Act takes effect upon becoming law.