91st General Assembly
Summary of SB1899
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Short description: 
ELECTRIC SUPPLIER ACT TAX EXMT                                             

Synopsis of Bill as introduced:
        Amends the  Electric  Supplier  Act.   Provides  that  delivering      
   suppliers  that  collect  and remit taxes under the Electricity Excise      
   Tax Law are exempt from the tax imposed under  the  Electric  Supplier      
   Act   and  that  the  exemption  applies  beginning  August  1,  1998.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1.                                                
        Provides that this amendatory  Act  carries  out  the  intent  of      
   Public Act 90-561 rather than declaring existing law.                       
          FISCAL NOTE (Department of Revenue)                                  
          SB 1899 will have no fiscal impact on the State, since the bill      
          involves a technical correction of an oversight made when the        
          Electricity Excise Tax Act replaced the prior taxing system.         
        HOUSE AMENDMENT NO. 1. (Tabled November 28, 2000)                      
        Removes all substantive provisions from the bill.  Provides  only      
   a  caption  to  a  Section  relating  to exemptions from certain taxes      
   related to electric utilities.                                              
Last action on Bill: PUBLIC ACT.............................. 91-0926

   Last action date: 00-12-08

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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