USE-OCC TAX-REDUCE GAS TAX
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 on July 1, 2001, the tax on motor fuel and gasohol
shall be imposed at the rate of 1.25% (eliminating the State's portion
of the tax). Exempts the tax reduction from the sunset provisions.
Amends the State Finance Act to provide for the distribution as a
result of the reduced tax rate on motor fuel and gasohol. Effective
SENATE AMENDMENT NO. 1.
Provides that the tax reduction begins on July 1, 2002 rather
than July 1, 2001.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status