HB5532 93RD GENERAL ASSEMBLY

LRB093 17350 SJM 43016 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5532

Introduced 2/6/2004, by Michael J. Madigan

SYNOPSIS AS INTRODUCED:

35 ILCS 171/3

Amends the Simplified Sales and Use Tax Administration Act. Makes a technical change in a Section concerning legislative findings.

A BILL FOR

AN ACT concerning taxes.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Simplified Sales and Use Tax Administration Act is amended by changing Section 3 as follows:

(35 ILCS 171/3)

Sec. 3. Legislative finding. The General Assembly finds that a simplified sales tax and use tax system will reduce and over time eliminate the burden and cost for all vendors to collect Illinois' this State's sales and use tax. The General Assembly further finds that Illinois this State should participate in multistate discussions to review or amend or both review and amend the terms of the Agreement to simplify and modernize sales tax and use tax administration in order to substantially reduce the burden of tax compliance for all sellers and for all types of commerce.

(Source: P.A. 92-221, eff. 8-2-01.)