92nd General Assembly
Summary of SB0540
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Senate Sponsors:
LAUZEN.

House Sponsors:
REITZ

Short description: 
OCC-USE TAX-PROPANE STORAGE                                                

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax Act, and the Retailers' Occupation Tax Act.  Beginning      
   on January 1, 2002 and through December 31, 2004, exempts the sale and      
   installation of  storage  tanks  for  propane  used  by  retailers  or      
   wholesalers from the tax imposed by the Acts.  Effective immediately.       
        SENATE AMENDMENT NO. 1.                                                
        Provides  that  a  propane  storage  tank  is  eligible  for  the      
   exemption only if it increases the retailer's or wholesaler's capacity      
   to store propane.  Provides that  the  exemption  does  not  apply  to      
   propane storage tanks used for residential purposes.                        
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status