92nd General Assembly
Summary of SB1760
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Senate Sponsors:
RAUSCHENBERGER.

House Sponsors:
RIGHTER-LYONS,JOSEPH-JONES,JOHN-HOLBROOK

Short description: 
RETLRS' OCC TX EXMPTN-ENT ZONE                                             

Synopsis of Bill as introduced:
        Amends the Retailers' Occupation Tax Act. Changes  the  exemption      
   for  building  materials  to  be  incorporated  into real estate in an      
   enterprise zone from an exemption that the  retailer may  allow  to an      
   exemption that the retailer must allow. Deletes language authorizing a      
   county  or  municipality  to  limit  the  exemption.  Amends the State      
   Mandates Act to require implementation without reimbursement from  the      
   State. Effective immediately.                                               
        SENATE AMENDMENT NO. 1.                                                
        Replaces  the  changes  to  the  Retailers'  Occupation  Tax  Act      
   concerning the exemption  from  the  tax  for  the  sale  of  building      
   materials  to  be incorporated into real estate in an enterprise zone.      
   Provides that the exemption is granted to a purchaser who presents  to      
   a retailer a Certificate of Eligibility for Sales Tax Exemption issued      
   by  the  administrator  of the enterprise zone into which the building      
   materials will be incorporated. Sets forth the  required  contents  of      
   the  Certificate. Requires the retailer to obtain a certification from      
   the purchaser that the materials will be used in the enterprise zone.       
 
Last action on Bill: PUBLIC ACT.............................. 92-0779

   Last action date: AUG-06-2002

           Location: Senate

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


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