IL HB2942 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 24 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning July 1, 2015, each month the Department shall pay into the Road Fund 80% of the net revenue realized for the preceding month from the sale of motor fuel and gasohol. Provides that, beginning July 1, 2015, each month the Department shall pay 20% of the net revenue realized for the preceding month from the sale of motor fuel and gasohol into certain local tax funds. Effective immediately.

Tracking Information

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Title

OCC TAX-ROAD FUND

Sponsors


History

DateChamberAction
2015-03-27HouseRule 19(a) / Re-referred to Rules Committee
2015-03-13HouseTo Sales and Other Taxes Subcommittee
2015-03-10HouseAssigned to Revenue & Finance Committee
2015-02-25HouseReferred to Rules Committee
2015-02-25HouseFirst Reading
2015-02-24HouseFiled with the Clerk by Rep. Adam Brown

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351059Amended CodeCitation Text
351109Amended CodeCitation Text
351159Amended CodeCitation Text
351203Amended CodeCitation Text

Illinois State Sources


Bill Comments

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