Bill Status of SB 2998   96th General Assembly


Short Description:  USE/OCC TX-PROCEEDS

Senate Sponsors
Sen. Deanna Demuzio

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-18from Ch. 127, par. 142z-18
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Requires that 28% of the tax proceeds under those Acts realized from the sale or transfer of coal be deposited to the Local Government Tax Fund, and provides that no amounts realized from the sale or transfer of coal be deposited into the County and Mass Transit District Fund. Amends the State Finance Act concerning the administration of the Local Government Tax Fund. Requires the Department of Revenue to certify the amount to be disbursed to a municipality or county that is realized from the 6.25% general rate on the selling price of coal. Limits the municipality's or county's use of that certified amount to certain economic-development purposes. Effective immediately.

Actions 
DateChamber Action
  2/3/2010SenateFiled with Secretary by Sen. Deanna Demuzio
  2/3/2010SenateFirst Reading
  2/3/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Revenue
  3/8/2010SenateTo Revenue Subcommittee on Special Issues
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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