Illinois House Bill 3550 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on February 26 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]

Amends the State Finance Act to create the Sales and Excise Tax Refund Fund. Provides that moneys in the Fund shall be used by the Department of Revenue to pay refunds under various tax Acts. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to provide that 0.18% of 80% of the net revenue realized for the preceding month from the 6.25% general rate on the selling price of tangible personal property shall be deposited each month into the Sales and Excise Tax Refund Fund. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Cigarette Machine Operators' Occupation Tax Act, the Cigarette Tax Act, the Cigarette Use Tax Act, the Coin-Operated Amusement Device and Redemption Machine Tax Act, the Messages Tax Act, the Gas Revenue Tax Act, the Public Utilities Revenue Act, the Water Company Invested Capital Tax Act, the Telecommunications Excise Tax Act, and the Liquor Control Act of 1934 to provide that refunds shall be made under those Acts from the Sales and Excise Tax Refund Fund (instead of from appropriations made available for that purpose). Effective July 1, 2015.

SALES AND EXCISE TAX REFUND

Rep. David Harris [R]	Rep. Jeanne Ives [R]	Rep. Natalie Manley [D]	Rep. Jerry Costello [D]
Rep. Keith Wheeler [R]

Date	Chamber	Action
2015-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2015-03-13	House	To Sales and Other Taxes Subcommittee
2015-03-12	House	Added Chief Co-Sponsor Rep. Natalie A. Manley
2015-03-12	House	Added Co-Sponsor Rep. Keith R. Wheeler
2015-03-10	House	Assigned to Revenue & Finance Committee
2015-03-04	House	Added Co-Sponsor Rep. Jerry Costello, II
2015-03-03	House	Added Chief Co-Sponsor Rep. Jeanne M Ives
2015-02-26	House	Referred to Rules Committee
2015-02-26	House	First Reading
2015-02-26	House	Filed with the Clerk by Rep. David Harris

Chapter	Article	Section	Citation Type	Statute Text
235	5	8-3	Amended Code	Citation Text
30	105	5.866	New Code	See Bill Text
30	105	6z-101	New Code	See Bill Text
35	105	19	Amended Code	Citation Text
35	105	9	Amended Code	Citation Text
35	110	17	Amended Code	Citation Text
35	110	9	Amended Code	Citation Text
35	115	17	Amended Code	Citation Text
35	115	9	Amended Code	Citation Text
35	120	3	Amended Code	Citation Text
35	120	6	Amended Code	Citation Text
35	128	1-55	Amended Code	Citation Text
35	130	9d	Amended Code	Citation Text
35	135	14a	Amended Code	Citation Text
35	510	2	Amended Code	Citation Text
35	610	6	Amended Code	Citation Text
35	615	6	Amended Code	Citation Text
35	620	6	Amended Code	Citation Text
35	625	6	Amended Code	Citation Text
35	630	10	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3550&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3550.htm