Senate Sponsors: RAUSCHENBERGER. House Sponsors: RYDER-BEAUBIEN Short description: OCC-USE TAXES-TECH Synopsis of Bill as introduced: Amends the Retailers' Occupation Tax Act. Makes technical changes in a Section concerning the short title. SENATE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 120/14 Adds reference to: 35 ILCS 105/3-46 new 35 ILCS 110/3-41 new 35 ILCS 115/3-41 new 35 ILCS 120/3a new 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 a retailer is relieved from liability for the tax under these Acts that became due and payable, insofar as the measure of the tax is represented by accounts that have been found to be worthless and charged off for income tax purposes by the retailer or, if the retailer is not required to file income tax returns, charged off in accordance with generally accepted accounting principles. Provides that a retailer that has previously paid the tax may, under rules adopted by the Department, take as a deduction the amount found worthless and charged off by the retailer and that if these accounts are thereafter collected by the retailer, the amount collected shall be included in the first return filed after the collection and the tax shall be paid with the return. Applies these provisions to certain lenders as well. Effective January 1, 2002. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 105/3-46 new 35 ILCS 110/3-41 new 35 ILCS 115/3-41 new 35 ILCS 120/3a new Adds reference to: 35 ILCS 120/14 from Ch. 120, par. 453 Deletes everything after the enacting clause. Amends the Retailers' Occupation Tax Act. Makes technical changes in a Section concerning the short title. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status