Bill Title: Amends the Public Utilities Act. Provides that the Illinois Commerce Commission shall authorize a water or sewer utility to file a surcharge that adjusts rates and charges to provide for recovery of the costs of any increase in the water or sewer utility's gross receipts tax rate set forth in a certain provision of the Act, federal income tax rate, or State income tax rate. Provides that the Commission shall review and, by order, approve or approve as modified the surcharge within 180 days after the date on which it is filed.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-04-08 - Third Reading - Short Debate - Lost 033-077-000 [HB1288 Detail]

Text: Latest bill text (Amended) [HTML]

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