92nd General Assembly
Summary of HB3755
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House Sponsors:
WATSON,JIM-MITCHELL,BILL-KLINGLER-POE-BERNS, SOMMER, WAIT, 
   STEPHENS AND MITCHELL,JERRY.

Short description: 
USE & OCC TAX-ETHANOL CREDITS                                              

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.  Extends        
   the partial exemption from the taxes imposed by these Acts on ethanol       
   to December 31, 2010, gradually reducing the partial exemption to zero      
   after December 31, 2010. Partially exempts E85 blend fuel and               
   bio-diesel blend fuel in the same amount and according to the same          
   schedule as ethanol. Provides that if, at any time, the tax under           
   these Acts on gasohol, E85 blend fuel, and bio-diesel blend fuel is         
   imposed at 1.25%, then the partial exemption of the tax on those            
   items does not apply during that time. Effective immediately.               
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status