Senate Sponsors: SIEBEN-O'DANIEL-GEO-KARIS-MYERS,J-WALSH,L, LUECHTEFELD, WATSON, KEHOE, WELCH AND FITZGERALD. House Sponsors: RIGHTER-MYERS-JONES,JOHN-BOST-WINKEL Short description: TAXES-GASOHOL Synopsis of Bill as introduced: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of the taxes imposed by those Acts applies to 70% of the proceeds of the sales of gasohol made before July 1, 2007 (now July 1, 1999) and to 100% of the proceeds of the sales thereafter. Deletes provisions limiting the rate to 85% from July 1, 1997 to July 1, 1999 for gasohol sold in the State during the 12 months beginning July 1 following any calendar year for which the Department of Revenue has determined that the percentages required for the tax abatement under the Gasohol Fuels Tax Abatement Act have not been met. Amends the Gasohol Fuels Tax Abatement Act. Changes the short title of the Act to the Gasohol Fuels Volume Reporting Act. Provides that beginning in 1999, the Director of Revenue shall determine and announce by June 1 of each year the total gallons of alcohol used in blending in Illinois and the total gallons of taxable gasoline sold in Illinois during the previous calendar year. Repeals the Section containing eligibility requirements for the gasohol tax abatement. Effective immediately. SENATE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 125/1 35 ILCS 125/3 35 ILCS 125/10 rep. Adds reference to: 35 ILCS 125/Act rep. Deletes everything. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of the taxes imposed by those Acts applies to 70% of the proceeds of the sales of gasohol made before July 1, 2003 (now July 1, 1999) and to 100% of the proceeds of the sales thereafter. Deletes provisions limiting the rate to 85% from July 1, 1997 to July 1, 1999 for gasohol sold in the State during the 12 months beginning July 1 following any calendar year for which the Department of Revenue has determined that the percentages required for the tax abatement under the Gasohol Fuels Tax Abatement Act have not been met. Repeals the Gasohol Fuels Tax Abatement Act. Effective immediately. FISCAL NOTE (Dpt. of Revenue) SB 1455 will result in the continued loss of about $30 million in tax revenues, annually. While this might be considered a loss, it has been excluded from the state's sales tax base for over six years. BALANCED BUDGET NOTE SB 1455 does not authorize, increase, decrease, or reallocate any general funds appropriation for fiscal year 1998. STATE MANDATES ACT FISCAL NOTE Fails to create a State mandate. HOME RULE NOTE Fails to preempt home rule authority. Last action on Bill: PUBLIC ACT.............................. 90-0606 Last action date: 98-06-30 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status