92nd General Assembly
Summary of SB0209
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Short description: 
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

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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