92nd General Assembly
Summary of HB4998
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House Sponsors:

Short description: 
USE & OCC TAX-TEXTBKS-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,  2002,  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.                           
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


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