92nd General Assembly
Status of HB4362
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MCKEON.

   35 ILCS 105/9             from Ch. 120, par. 439.9                          
   35 ILCS 110/9             from Ch. 120, par. 439.39                         
   35 ILCS 115/9             from Ch. 120, par. 439.109                        
   35 ILCS 120/3             from Ch. 120, par. 442                            

        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act,  and the Retailers' Occupation Tax Act. Provides      
   that, beginning on January  1,  2003,  a  retailer  or  serviceman  is      
   allowed  to  take  the  1.75%  or $5 discount, as appropriate, for the      
   first $1,000,000 in taxes collected in the  aggregate  in  a  calendar      
   year  under  each  of  the  4 Acts to reimburse himself or herself for      
   expenses incurred in collecting the tax,  keeping  records,  preparing      
   and  filing  returns,  remitting  the  tax,  and supplying data to the      
   Department of Revenue on request. No discount may be taken  for  taxes      
   collected  above  $1,000,000 in the aggregate in a calendar year under      
   the 4 Acts (now, 1.75% discount allowed for all taxes collected).           
   Effective immediately.                                                      
   JAN-31-2002  H  FILED WITH CLERK                                               
   FEB-01-2002  H  FIRST READING                                                  
   FEB-01-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-05-2002  H       ASSIGNED TO COMMITTEE               REVENUE               
   FEB-22-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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