Bill Title: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the taxes on motor fuel and gasohol shall be imposed at the following rates: (1) 5.25% from July 1, 2014 through June 30, 2015; (2) 4.25% from July 1, 2015 through June 30, 2016; (3) 3.25% from July 1, 2016 through June 30, 2017; (4) 2.25% from July 1, 2017 through June 30, 2018; and (5) 1.25% on and after July 1, 2018. Makes changes concerning the distribution of proceeds. Amends the State Finance Act to make conforming changes. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2014-12-03 - Session Sine Die
[HB4641 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2014-02-04 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB4641 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB4641 currently on file. |
