90th General Assembly
Summary of SB1455
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Senate Sponsors:
SIEBEN-O'DANIEL-GEO-KARIS-MYERS,J-WALSH,L, 
   LUECHTEFELD, WATSON, KEHOE, WELCH AND FITZGERALD.

House Sponsors:
RIGHTER-MYERS-JONES,JOHN-BOST-WINKEL

Short description: 
TAXES-GASOHOL                                                              

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act, and the Retailers' Occupation Tax Act.  Provides      
   that the rate of the taxes imposed by those Acts applies to 70% of the      
   proceeds of the sales of gasohol made before July 1, 2007 (now July 1,      
   1999) and to 100% of the proceeds of the  sales  thereafter.   Deletes      
   provisions  limiting the rate to 85% from July 1, 1997 to July 1, 1999      
   for gasohol sold in the State during the 12 months  beginning  July  1      
   following  any  calendar  year for which the Department of Revenue has      
   determined that the percentages required for the tax  abatement  under      
   the  Gasohol  Fuels  Tax  Abatement Act have not been met.  Amends the      
   Gasohol Fuels Tax Abatement Act.  Changes the short title of  the  Act      
   to the Gasohol Fuels Volume Reporting Act.  Provides that beginning in      
   1999,  the  Director of Revenue shall determine and announce by June 1      
   of each year the total gallons of alcohol used in blending in Illinois      
   and the total gallons of taxable gasoline sold in Illinois during  the      
   previous  calendar  year.   Repeals the Section containing eligibility      
   requirements for the gasohol tax abatement.  Effective immediately.         
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          35 ILCS 125/1                                                        
          35 ILCS 125/3                                                        
          35 ILCS 125/10 rep.                                                  
          Adds reference to:                                                   
          35 ILCS 125/Act rep.                                                 
        Deletes everything. Amends the Use Tax Act, the Service  Use  Tax      
   Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax      
   Act.   Provides  that  the  rate  of  the  taxes imposed by those Acts      
   applies to 70% of the proceeds of the sales  of  gasohol  made  before      
   July  1,  2003  (now  July 1, 1999) and to 100% of the proceeds of the      
   sales thereafter.  Deletes provisions limiting the rate  to  85%  from      
   July  1, 1997 to July 1, 1999 for gasohol sold in the State during the      
   12 months beginning July 1 following any calendar year for  which  the      
   Department of Revenue has determined that the percentages required for      
   the  tax  abatement under the Gasohol Fuels Tax Abatement Act have not      
   been met.  Repeals the Gasohol Fuels  Tax  Abatement  Act.   Effective      
   immediately.                                                                
          FISCAL NOTE (Dpt. of Revenue)                                        
          SB 1455 will result in the continued loss of about $30 million       
          in tax revenues, annually. While this might be considered a          
          loss, it has been excluded from the state's sales tax base for       
          over six years.                                                      
          BALANCED BUDGET NOTE                                                 
          SB 1455 does not authorize, increase, decrease, or reallocate        
          any general funds appropriation for fiscal year 1998.                
          STATE MANDATES ACT FISCAL NOTE                                       
          Fails to create a State mandate.                                     
          HOME RULE NOTE                                                       
          Fails to preempt home rule authority.                                
 
Last action on Bill: PUBLIC ACT.............................. 90-0606

   Last action date: 98-06-30

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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