HB5555 93RD GENERAL ASSEMBLY

LRB093 17361 SJM 43027 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5555

Introduced 02/06/04, by Michael J. Madigan

SYNOPSIS AS INTRODUCED:

35 ILCS 630/1

from Ch. 120, par. 2001

Amends the Telecommunications Excise Tax Act. Makes technical changes in a Section concerning the short title.

A BILL FOR

AN ACT concerning taxation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Telecommunications Excise Tax Act is amended by changing Section 1 as follows:

(35 ILCS 630/1) (from Ch. 120, par. 2001)

Sec. 1. Short title; use of tax. This Article shall be known and may be cited as the "Telecommunications Excise Tax Act". The net proceeds from the taxes imposed by this Act shall be used for the support of the General Revenue Fund and education.

(Source: P.A. 84-126.)