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90_SB0662 35 ILCS 120/3a new Amends the Retailers' Occupation Tax Act. Provides that on July 1, 1997, no tax under that Act shall be imposed on persons engaged in the business of selling tangible personal property at retail. Allows units of local government that impose a retailers' occupation tax to choose not to impose that tax on July 1, 1997. Effective immediately. LRB9002972KDpc LRB9002972KDpc 1 AN ACT to amend the Retailers' Occupation Tax by adding 2 Section 3a. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Retailers' Occupation Tax Act is amended 6 by adding Section 3a as follows: 7 (35 ILCS 120/3a new) 8 Sec. 3a. One day moratorium on tax. Notwithstanding any 9 other provision to the contrary, on July 1, 1997, no tax 10 shall be imposed under this Act on persons engaged in the 11 business of selling tangible personal property at retail. In 12 addition, any unit of local government that imposes a 13 retailers' occupation tax may choose not to impose that tax 14 on July 1, 1997. 15 Section 99. Effective date. This Act takes effect upon 16 becoming law.
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