Illinois General Assembly - Bill Status for HB4641

Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the taxes on motor fuel and gasohol shall be imposed at the following rates: (1) 5.25% from July 1, 2014 through June 30, 2015; (2) 4.25% from July 1, 2015 through June 30, 2016; (3) 3.25% from July 1, 2016 through June 30, 2017; (4) 2.25% from July 1, 2017 through June 30, 2018; and (5) 1.25% on and after July 1, 2018. Makes changes concerning the distribution of proceeds. Amends the State Finance Act to make conforming changes. Effective immediately.

Actions

Date	Chamber	Action
2/4/2014	House	Filed with the Clerk by Rep. Wayne Rosenthal
2/5/2014	House	First Reading
2/5/2014	House	Referred to Rules Committee
2/18/2014	House	Assigned to Revenue & Finance Committee
2/20/2014	House	To Sales and Other Taxes Subcommittee
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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