IL HB4625 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 1 2016 - 25% progression, died in committee
Action: 2016-02-01 - 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, 2016, 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, 2016, 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
2016-02-01HouseReferred to Rules Committee
2016-02-01HouseFirst Reading
2016-02-01HouseFiled 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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