WINKEL-ERWIN-BERNS-BOST-MYERS,RICHARD, KLINGLER, GRANBERG,
BELLOCK, LYONS,EILEEN, FORBY, FOWLER, ZICKUS, WOJCIK,
JOHNSON, OSMOND, BRADY, KRAUSE, TURNER,JOHN, STEPHENS,
MATHIAS, HULTGREN, BIGGINS, DURKIN, DANIELS,
YARBROUGH AND MILLER.
USE-OCC TAX-TEXTBOOKS-HIGHR ED
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, beginning July 1, 2001, the tax with respect to textbooks
required for use at State universities and public community colleges
is imposed under these Acts at the rate of 1.25% (eliminating the
State's portion of the tax). Authorizes the Department of Revenue to
adopt rules. Amends the State Finance Act to adjust the distribution
with respect to this tax. Effective immediately.
HOUSE AMENDMENT NO. 1.
Extends the elimination of the State's portion of the use and
occupation taxes on textbooks to those required for use at nonpublicly
supported educational organizations located in Illinois that qualify
as institutions of higher learning under the Illinois Financial
Assistance Act for Nonpublic Institutions of Higher Learning.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status