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