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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3576 Introduced 2/24/2011, by Rep. David Reis - Norine Hammond - Dwight Kay - Darlene J. Senger - Richard Morthland SYNOPSIS AS INTRODUCED:
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| 35 ILCS 115/3-8 new | | 35 ILCS 120/1r new | |
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Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Provides that, no later than March 1 of each year beginning in 2013, each business located in an enterprise zone may apply with the Department of Commerce and Economic Opportunity for a rebate in an amount not to exceed 1% of the amount the tax paid by the business under the Acts during the previous calendar year for the purchase of tangible personal property from a vendor located in Illinois. The Department of Commerce and Economic Opportunity shall pay the rebates from moneys appropriated for that purpose. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3576 | | LRB097 06751 HLH 46839 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Service Occupation Tax Act is amended by |
| 5 | | adding Section 3-8 as follows:
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| 6 | | (35 ILCS 115/3-8 new) |
| 7 | | Sec. 3-8. Rebate to businesses in enterprise zones. |
| 8 | | Notwithstanding any other provision of law, no later than March |
| 9 | | 1 of each year beginning in 2013, each business located in an |
| 10 | | enterprise zone may apply with the Department of Commerce and |
| 11 | | Economic Opportunity for a rebate in an amount not to exceed 1% |
| 12 | | of the amount the tax paid by the business under this Act |
| 13 | | during the previous calendar year for the purchase of tangible |
| 14 | | personal property from a vendor located in Illinois. The |
| 15 | | Department of Commerce and Economic Opportunity shall pay the |
| 16 | | rebates from moneys appropriated for that purpose.
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| 17 | | Section 10. The Retailers' Occupation Tax Act is amended by |
| 18 | | adding Section 1r as follows:
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| 19 | | (35 ILCS 120/1r new) |
| 20 | | Sec. 1r. Rebate to businesses in enterprise zones. |
| 21 | | Notwithstanding any other provision of law, no later than March |