Illinois General Assembly - Bill Status for SB0080
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 Bill Status of SB0080  93rd General Assembly

Short Description:  USE & OCC TAX-LIMIT DISCOUNT

Senate Sponsors
Sen. Patrick Welch - Carol Ronen

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3from Ch. 120, par. 442

Synopsis 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 on January 1, 2004, a retailer or serviceman is allowed to take the 1.75% or $5 discount, as appropriate, for the first $1,000,000 in sales in the aggregate in a calendar year under each of the 4 Acts to reimburse himself or herself for expenses incurred in collecting the tax, keeping records, preparing and filing returns, remitting the tax, and supplying data to the Department of Revenue on request. No discount may be taken for sales above $1,000,000 in the aggregate in a calendar year under the 4 Acts. Effective January 1, 2004.

DateChamber Action
  1/22/2003SenateFiled with Secretary by Sen. Patrick Welch
  1/22/2003SenateFirst Reading
  1/22/2003SenateReferred to Rules
  4/3/2003SenateAssigned to Executive
  4/3/2003SenateRe-referred to Rules
  4/3/2003SenateApproved for Consideration Rules
  4/3/2003SenatePlaced on Calendar Order of 2nd Reading April 4, 2003
  4/3/2003SenateAdded as Chief Co-Sponsor Sen. Carol Ronen
  4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
  4/9/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to December 31, 2003.
  7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/11/2005SenateSession Sine Die

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