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91_SB0266
LRB9104848PTpk
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.