97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
Introduced 2/7/2012, by Sen. James F. Clayborne, Jr.
SYNOPSIS AS INTRODUCED:
35 ILCS 173/5-10
35 ILCS 615/2
from Ch. 120, par. 467.17
Amends the Gas Use Tax Law. Provides that no tax shall be imposed
under the Act on or after January 1, 2013. Amends the Gas Revenue Tax Act.
Provides that the occupation tax imposed under the Act shall not be imposed
on or after January 1, 2013. Effective immediately.
|FISCAL NOTE ACT MAY APPLY|
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Gas Use Tax Law is amended by changing
Section 5-10 as follows:
(35 ILCS 173/5-10)
Imposition of tax.
Beginning October 1, 2003,
and until January 1, 2013,
a tax is imposed
upon the privilege
this State gas obtained in a purchase of
at the rate of 2.4 cents per therm or 5%
purchase price for the billing period, whichever is the
Such tax rate shall be referred to as the
"self-assessing purchaser tax rate".
issued by delivering suppliers on and after October 1, 2003,
an alternative tax rate of 2.4 cents per
therm to be paid under the provisions
of Section 5-15 of this
Law to a delivering supplier maintaining a place of
tax rate shall be referred to as the
"alternate tax rate". The tax imposed
under this Section
not apply to gas used by business enterprises certified under
Section 9-222.1 of the
Public Utilities Act, as amended, to the
extent of such exemption and during
specified by the Department of Commerce and Economic