90th General Assembly
Summary of HB0687
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House Sponsors:

Short description: 
CTY CD-ROCK ISLAND-SALES TAX                                               

Synopsis of Bill as introduced:
        Amends the Counties Code.  Allows the Rock Island  County  Board,      
   upon  referendum  approval,  to  impose a retailers' occupation tax, a      
   service occupation tax, and a use tax at a rate of 1/4 of 1%  for  the      
   sole   purpose   of  obtaining  funds  for  the  economic  development      
   activities of Rock Island county and communities  located  within  the      
   county, including creation and retention of job opportunities, support      
   of  affordable  housing  opportunities,  and enhancement of quality of      
   life improvements.  Repeals a Section  in  the  Quad  Cities  Regional      
   Economic  Development  Authority Act allowing the Quad Cities Regional      
   Economic Development Authority, upon referendum approval, to impose  a      
   retailers'  occupation  tax  and a service occupation tax to finance a      
   U.S. Department of Defense facility.  Effective immediately.                
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB687 fails to create a State mandate.       
          FISCAL NOTE (Dept. of Revenue)                                       
          HB 687 will generate an estimated $2,780,000 annually for the        
          Rock Island County Board for economic development activities of      
          the Quad Cities Regional Economic Development Authority. The         
          Dept. of Revenue will realize additional indeterminable admini-      
          strative costs for collection and enforcement of this tax with-      
          out compensation.                                                    
          HOME RULE NOTE                                                       
          HB 687 does not preempt home rule authority.                         
        HOUSE AMENDMENT NO. 2.                                                 
        With respect to certification and filing of the results of a           
   proposition or ordinance imposing, discontinuing or changing a use          
   or occupation tax, changes the filing deadline to October 1 and the         
   effective date to January 1. Makes a spelling correction.                   
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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