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91_SB1899
LRB9113297JSpc
1 AN ACT concerning electric utility taxes.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Electric Supplier Act is amended by
5 changing Section 10.10 as follows:
6 (220 ILCS 30/10.10) (from Ch. 111 2/3, par. 410.10)
7 Sec. 10.10. Exemption from tax. Any delivering
8 supplier, as that term is defined in Section 2-3 of the
9 Electricity Excise Tax Law, collecting and remitting to the
10 State of Illinois for each fiscal year the tax imposed by
11 Section 2-4(a) of the Electricity Excise Tax Law public
12 utility paying a tax on its gross revenue for each fiscal
13 year pursuant to the provisions of The Public Utilities Act,
14 shall not be subject to the provisions of Sections 10.1
15 through 10.9 of this Act.
16 (Source: P.A. 85-1209.)
17 Section 99. Effective date. This Act takes effect upon
18 becoming law. This Act is a technical amendment to the
19 Electric Supplier Act and is declaratory of existing law, and
20 accordingly shall apply beginning August 1, 1998, the
21 effective date of the Electricity Excise Tax Act, Public Act
22 90-561.