State of Illinois
91st General Assembly
Legislation

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91_HB4761

 
                                               LRB9115061SMdv

 1        AN ACT concerning taxation.

 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    3-87 as follows:

 6        (35 ILCS 105/3-87 new)
 7        Sec.  3-87.   Gasohol  retailer  credit.   For  sales  of
 8    gasohol, as defined in Section 3-40 of this Act, made  on  or
 9    after  December  1,  2000, a retailer is entitled to a credit
10    against the retailer's tax liability  under  this  Act  of  2
11    cents per gallon of gasohol sold.

12        Section 10.  The Service Use Tax Act is amended by adding
13    Section 3-72 as follows:

14        (35 ILCS 110/3-72 new)
15        Sec.  3-72.   Gasohol  retailer  credit.   For  sales  of
16    gasohol,  as defined in Section 3-40 of the Use Tax Act, made
17    on or after December 1, 2000, a retailer  is  entitled  to  a
18    credit against the retailer's tax liability under this Act of
19    2 cents per gallon of gasohol sold.


20        Section 15.  The Service Occupation Tax Act is amended by
21    adding Section 3-52 as follows:

22        (35 ILCS 115/3-52 new)
23        Sec.  3-52.   Gasohol  retailer  credit.   For  sales  of
24    gasohol,  as defined in Section 3-40 of the Use Tax Act, made
25    on or after December 1, 2000, a retailer  is  entitled  to  a
26    credit against the retailer's tax liability under this Act of
27    2 cents per gallon of gasohol sold.
 
                            -2-                LRB9115061SMdv
 1        Section 20.  The Service Occupation Tax Act is amended by
 2    adding Section 2-67 as follows:

 3        (35 ILCS 120/2-67 new)
 4        Sec.  2-67.   Gasohol  retailer  credit.   For  sales  of
 5    gasohol,  as defined in Section 3-40 of the Use Tax Act, made
 6    on or after December 1, 2000, a retailer  is  entitled  to  a
 7    credit against the retailer's tax liability under this Act of
 8    2 cents per gallon of gasohol sold.

 9        Section  99.  Effective date.  This Act takes effect upon
10    becoming law.

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