92nd General Assembly
Summary of SB1298
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Senate Sponsors:

Short description: 
OCC-USE TAX-WEATHERIZATION                                                 

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.  Provides      
   that, beginning August  1,  2001,  the  tax  with  respect  to  energy      
   efficient and home weatherization products is imposed under these Acts      
   at  the  rate  of  1.25% (eliminating the State's portion of the tax).      
   Amends the State Finance Act to adjust the distribution  with  respect      
   to this tax.  Effective immediately.                                        
          FISCAL NOTE (Economic and Fiscal Commission)                         
          SB1298 would decrease State sales tax revenues by an amount          
          that cannot be determined.                                           
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


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