90th General Assembly
Summary of HB0709
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Senate Sponsors:

Short description: 
UTIL TXES-ELEC FUNDS TRANSFER                                              

Synopsis of Bill as introduced:
        Amends the Gas Revenue Tax Act, the Public Utilities Revenue Act,      
   the Water Company Invested Capital Tax Act, and the Telecommunications      
   Excise Tax Act.  Provides  that  a  taxpayer  may  make  the  payments      
   required under those Acts by electronic funds transfer.  Provides that      
   the  Department of Revenue shall adopt rules necessary to effectuate a      
   program of electronic funds transfer.  Effective immediately.               
          FISCAL NOTE (Dpt. of Revenue)                                        
          HB709 may have a minimal positive fiscal impact due to effici-       
          ency and timeliness of electronic funds transfer payments, as        
          well as additional interest earned on State tax collections          
          collected without mail delay.                                        
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          65 ILCS 5/8-11-2                from Ch. 24, par. 8-11-2             
          220 ILCS 5/9-222.1              from Ch. 111 2/3, par. 9-222.1       
        Amends the Illinois Municipal Code and the Public  Utilities  Act      
   to  provide  that the provisions granting enterprise zones or  Foreign      
   Trade Zones or Sub-Zones exemptions  from  utility  taxes  in  certain      
   cases  shall  apply to business enterprises that make an investment of      
   at least $200,000,000 that causes the creation of a minimum of 150 new      
   jobs in Illinois.  Effective immediately.                                   
        SENATE AMENDMENT NO. 2.                                                
        Reduces the amount of the required investment by businesses in         
   order to qualify for the exemptions to at least $175,000,000.               
        SENATE AMENDMENT NO. 3.                                                
          Adds reference to:                                                   
          35 ILCS 615/1                   from Ch. 120, par. 467.16            
        Further amends the  Gas  Revenue  Tax  Act.   Provides  that  the      
   exemption from "gross receipts" for any charge for gas or gas services      
   to  a customer who acquired contractual rights for the direct purchase      
   of gas or gas services originating from an  out-of-State  supplier  or      
   source  includes  any  charge for gas or gas service, except for those      
   charges solely related to the local distribution of gas  by  a  public      
   utility, to a customer who maintained an account with a public utility      
   for  the  transportation  of  customer-owned gas on or before March 1,      
   1995.  Provides that these amendatory provisions  are  declarative  of      
   existing law.                                                               
Last action on Bill: PUBLIC ACT.............................. 90-0016

   Last action date: 97-06-16

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   3


 Full Text  Bill Status