92nd General Assembly
Status of HB4910
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MCKEON.

   35 ILCS 105/9             from Ch. 120, par. 439.9                          
   35 ILCS 110/9             from Ch. 120, par. 439.39                         
   35 ILCS 115/9             from Ch. 120, par. 439.109                        
   35 ILCS 120/3             from Ch. 120, par. 442                            

        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, 2003 and through December  31,  2007,  a      
   retailer or serviceman is allowed to take the 1.75% or $5 discount, as      
   appropriate,  for  the  first  $1,000,000  in  taxes  collected 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 during that period for taxes collected  above  $1,000,000      
   in  the  aggregate  in  a  calendar  year  under the 4 Acts. Effective      
   immediately.                                                                
   FEB-05-2002  H  FILED WITH CLERK                                               
   FEB-05-2002  H  FIRST READING                                                  
   FEB-05-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-06-2002  H       ASSIGNED TO COMMITTEE               REVENUE               
   FEB-22-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary