97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3576

 

Introduced 2/24/2011, by Rep. David Reis - Norine Hammond - Dwight Kay - Darlene J. Senger - Richard Morthland

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 115/3-8 new
35 ILCS 120/1r new

    Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Provides that, no later than March 1 of each year beginning in 2013, each business located in an enterprise zone may apply with the Department of Commerce and Economic Opportunity for a rebate in an amount not to exceed 1% of the amount the tax paid by the business under the Acts during the previous calendar year for the purchase of tangible personal property from a vendor located in Illinois. The Department of Commerce and Economic Opportunity shall pay the rebates from moneys appropriated for that purpose. Effective immediately.


LRB097 06751 HLH 46839 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3576LRB097 06751 HLH 46839 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Service Occupation Tax Act is amended by
5adding Section 3-8 as follows:
 
6    (35 ILCS 115/3-8 new)
7    Sec. 3-8. Rebate to businesses in enterprise zones.
8Notwithstanding any other provision of law, no later than March
91 of each year beginning in 2013, each business located in an
10enterprise zone may apply with the Department of Commerce and
11Economic Opportunity for a rebate in an amount not to exceed 1%
12of the amount the tax paid by the business under this Act
13during the previous calendar year for the purchase of tangible
14personal property from a vendor located in Illinois. The
15Department of Commerce and Economic Opportunity shall pay the
16rebates from moneys appropriated for that purpose.
 
17    Section 10. The Retailers' Occupation Tax Act is amended by
18adding Section 1r as follows:
 
19    (35 ILCS 120/1r new)
20    Sec. 1r. Rebate to businesses in enterprise zones.
21Notwithstanding any other provision of law, no later than March

 

 

HB3576- 2 -LRB097 06751 HLH 46839 b

11 of each year beginning in 2013, each business located in an
2enterprise zone may apply with the Department of Commerce and
3Economic Opportunity for a rebate in an amount not to exceed 1%
4of the amount the tax paid by the business under this Act
5during the previous calendar year for the purchase of tangible
6personal property from a vendor located in Illinois. The
7Department of Commerce and Economic Opportunity shall pay the
8rebates from moneys appropriated for that purpose.
 
9    Section 99. Effective date. This Act takes effect upon
10becoming law.