Senate Sponsors: O'MALLEY. Short description: UTILITY TAXES-25% GROWTH CAP Synopsis of Bill as introduced: Amends the Gas Revenue Tax Act, the Electricity Excise Tax Law, the Electricity Infrastructure Maintenance Fee Law, and the privilege and occupation tax provision of the Illinois Municipal Code. Provides that beginning in calendar year 2001 and in each calendar year thereafter through calendar year 2006, when the net revenue realized in the calendar year from certain taxes and fees imposed under these Acts or under the authority of any home rule power equals 125% of the net revenue realized from the tax or fee imposed in the prior calendar year, no tax or fee shall be imposed beginning on that date and through December 31 of that year. Beginning on January 1 of the next calendar year, the tax or fee is again imposed. Amends the State Mandates Act to require implementation without reimbursement by the State. Pre-empts home rule powers. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status