Bill Text: IL HB4546 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Provides that, by March 1, 2017, and by March 1 of each year thereafter, each business located in an enterprise zone may apply with the Department of Commerce and Economic Opportunity for a rebate in an amount not to exceed 1% of the amount the tax paid by the business under the Acts during the previous calendar year for the purchase of tangible personal property from a retailer or serviceman located in Illinois. Provides that the Department of Commerce and Economic Opportunity shall pay the rebates from moneys appropriated for that purpose. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-27 - Referred to Rules Committee [HB4546 Detail]
Download: Illinois-2015-HB4546-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Service Occupation Tax Act is amended by | ||||||||||||||||||||||||||
5 | adding Section 3-9 as follows:
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6 | (35 ILCS 115/3-9 new) | ||||||||||||||||||||||||||
7 | Sec. 3-9. Rebate to businesses in enterprise zones. | ||||||||||||||||||||||||||
8 | Notwithstanding any other provision of law, by March 1, 2017, | ||||||||||||||||||||||||||
9 | and by March 1 of each year thereafter, each business located | ||||||||||||||||||||||||||
10 | in an enterprise zone may apply with the Department of Commerce | ||||||||||||||||||||||||||
11 | and Economic Opportunity for a rebate in an amount not to | ||||||||||||||||||||||||||
12 | exceed 1% of the amount the tax paid by the business under this | ||||||||||||||||||||||||||
13 | Act during the previous calendar year for the purchase of | ||||||||||||||||||||||||||
14 | tangible personal property from a serviceman located in | ||||||||||||||||||||||||||
15 | Illinois. The Department of Commerce and Economic Opportunity | ||||||||||||||||||||||||||
16 | shall pay the rebates from moneys appropriated for that | ||||||||||||||||||||||||||
17 | purpose.
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18 | Section 10. The Retailers' Occupation Tax Act is amended by | ||||||||||||||||||||||||||
19 | adding Section 1t as follows:
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20 | (35 ILCS 120/1t new) | ||||||||||||||||||||||||||
21 | Sec. 1t. Rebate to businesses in enterprise zones. |
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1 | Notwithstanding any other provision of law, by March 1, 2017, | ||||||
2 | and by March 1 of each year thereafter, each business located | ||||||
3 | in an enterprise zone may apply with the Department of Commerce | ||||||
4 | and Economic Opportunity for a rebate in an amount not to | ||||||
5 | exceed 1% of the amount the tax paid by the business under this | ||||||
6 | Act during the previous calendar year for the purchase of | ||||||
7 | tangible personal property from a retailer located in Illinois. | ||||||
8 | The Department of Commerce and Economic Opportunity shall pay | ||||||
9 | the rebates from moneys appropriated for that purpose.
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10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law.
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