90th General Assembly
Summary of HB0027
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House Sponsors:
HARTKE-MAUTINO-PHELPS, BLACK, MOORE,EUGENE, 
   GIGLIO AND NOLAND.

Senate Sponsors:
FAWELL-O'DANIEL

Short description: 
SALES TX-AGGREGATE EQUIP-EXMPT                                             

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.  Exempts      
   aggregate  exploration,  mining,   offhighway   hauling,   processing,      
   maintenance,  and  reclamation  equipment, including replacement parts      
   and equipment,  and  including  equipment  purchased  for  lease,  but      
   excluding  motor vehicles required to be registered under the Illinois      
   Vehicle Code from the taxes  imposed  under  these  Acts.    Effective      
   immediately.                                                                
          STATE MANDATES FISCAL NOTE                                           
          HB 27 creates a "tax exemption mandate" which requires $100%         
          reimubrsement.                                                       
          FISCAL NOTE (Dept. of Revenue)                                       
          HB 27 will cost the State approximately $3.2 million and local       
          governments approximately $1.1 million.                              
 
Last action on Bill: PUBLIC ACT.............................. 90-0529

   Last action date: 97-11-18

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status