State of Illinois
91st General Assembly
Legislation

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91_HB2122

 
                                               LRB9103756PTpk

 1        AN ACT concerning a tax moratorium.

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

 4        Section  5.  The Use Tax Act is amended by adding Section
 5    3b as follows:

 6        (35 ILCS 105/3b new)
 7        Sec. 3b.  One-day moratorium on tax.  Notwithstanding any
 8    other provision to the contrary,  no  tax  shall  be  imposed
 9    under  this  Act  upon  the  privilege of using in this State
10    tangible personal property that was purchased at retail  from
11    a  retailer  in  Illinois on November 26, 1999.  In addition,
12    any unit of local government  that  imposes  a  use  tax  may
13    choose  not  to  impose  the  tax on the use in this State of
14    tangible personal property that was purchased at retail  from
15    a retailer in Illinois on November 26, 1999.

16        Section 10.  The Retailers' Occupation Tax Act is amended
17    by adding Section 3a as follows:

18        (35 ILCS 120/3a new)
19        Sec. 3a.  One-day moratorium on tax.  Notwithstanding any
20    other  provision  to the contrary, with respect to sales made
21    on November 26, 1999, no tax shall be imposed under this  Act
22    on  persons  engaged  in  the  business  of  selling tangible
23    personal property at retail.  In addition, any unit of  local
24    government  that  imposes  a  retailers'  occupation  tax may
25    choose not to impose that tax with respect to sales  made  on
26    November 26, 1999.

27        Section  99.  Effective date.  This Act takes effect upon
28    becoming law.

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