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91_SB1977
LRB9115061SMdv
1 AN ACT concerning taxation.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Use Tax Act is amended by adding Section
5 3-87 as follows:
6 (35 ILCS 105/3-87 new)
7 Sec. 3-87. Gasohol retailer credit. For sales of
8 gasohol, as defined in Section 3-40 of this Act, made on or
9 after December 1, 2000, a retailer is entitled to a credit
10 against the retailer's tax liability under this Act of 2
11 cents per gallon of gasohol sold.
12 Section 10. The Service Use Tax Act is amended by adding
13 Section 3-72 as follows:
14 (35 ILCS 110/3-72 new)
15 Sec. 3-72. Gasohol retailer credit. For sales of
16 gasohol, as defined in Section 3-40 of the Use Tax Act, made
17 on or after December 1, 2000, a retailer is entitled to a
18 credit against the retailer's tax liability under this Act of
19 2 cents per gallon of gasohol sold.
20 Section 15. The Service Occupation Tax Act is amended by
21 adding Section 3-52 as follows:
22 (35 ILCS 115/3-52 new)
23 Sec. 3-52. Gasohol retailer credit. For sales of
24 gasohol, as defined in Section 3-40 of the Use Tax Act, made
25 on or after December 1, 2000, a retailer is entitled to a
26 credit against the retailer's tax liability under this Act of
27 2 cents per gallon of gasohol sold.
-2- LRB9115061SMdv
1 Section 20. The Service Occupation Tax Act is amended by
2 adding Section 2-67 as follows:
3 (35 ILCS 120/2-67 new)
4 Sec. 2-67. Gasohol retailer credit. For sales of
5 gasohol, as defined in Section 3-40 of the Use Tax Act, made
6 on or after December 1, 2000, a retailer is entitled to a
7 credit against the retailer's tax liability under this Act of
8 2 cents per gallon of gasohol sold.
9 Section 99. Effective date. This Act takes effect upon
10 becoming law.