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90_SB0662
35 ILCS 120/3a new
Amends the Retailers' Occupation Tax Act. Provides that
on July 1, 1997, no tax under that Act shall be imposed on
persons engaged in the business of selling tangible personal
property at retail. Allows units of local government that
impose a retailers' occupation tax to choose not to impose
that tax on July 1, 1997. Effective immediately.
LRB9002972KDpc
LRB9002972KDpc
1 AN ACT to amend the Retailers' Occupation Tax by adding
2 Section 3a.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Retailers' Occupation Tax Act is amended
6 by adding Section 3a as follows:
7 (35 ILCS 120/3a new)
8 Sec. 3a. One day moratorium on tax. Notwithstanding any
9 other provision to the contrary, on July 1, 1997, no tax
10 shall be imposed under this Act on persons engaged in the
11 business of selling tangible personal property at retail. In
12 addition, any unit of local government that imposes a
13 retailers' occupation tax may choose not to impose that tax
14 on July 1, 1997.
15 Section 99. Effective date. This Act takes effect upon
16 becoming law.