92nd General Assembly
Status of SB0055
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RAUSCHENBERGER.

(RYDER-BEAUBIEN)

   35 ILCS 120/14            from Ch. 120, par. 453                            

        Amends  the  Retailers'  Occupation  Tax  Act.   Makes  technical      
   changes in a Section concerning the short title.                            
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          35 ILCS 120/14                                                       
          Adds reference to:                                                   
          35 ILCS 105/3-46 new                                                 
          35 ILCS 110/3-41 new                                                 
          35 ILCS 115/3-41 new                                                 
          35 ILCS 120/3a new                                                   
        Deletes everything.  Amends the Use Tax Act, the Service Use  Tax      
   Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax      
   Act.   Provides that a retailer is relieved from liability for the tax      
   under these Acts that became due and payable, insofar as  the  measure      
   of  the  tax  is  represented  by  accounts that have been found to be      
   worthless and charged off for income tax purposes by the retailer  or,      
   if  the  retailer  is not required to file income tax returns, charged      
   off in  accordance  with  generally  accepted  accounting  principles.      
   Provides  that  a retailer that has previously paid the tax may, under      
   rules adopted by the Department, take as a deduction the amount  found      
   worthless  and  charged off by the retailer and that if these accounts      
   are thereafter collected by the retailer, the amount  collected  shall      
   be included in the first return filed after the collection and the tax      
   shall  be  paid  with the return.  Applies these provisions to certain      
   lenders as well.  Effective January 1, 2002.                                
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          35 ILCS 105/3-46 new                                                 
          35 ILCS 110/3-41 new                                                 
          35 ILCS 115/3-41 new                                                 
          35 ILCS 120/3a new                                                   
          Adds reference to:                                                   
          35 ILCS 120/14                  from Ch. 120, par. 453               
        Deletes  everything  after  the  enacting  clause.   Amends   the      
   Retailers'  Occupation  Tax Act.  Makes technical changes in a Section      
   concerning the short title.                                                 
   JAN-31-2001  S  FIRST READING                                                  
   JAN-31-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-01-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-01-2001  S                                 POSTPONED                       
   MAR-28-2001  S  SPONSOR REMOVED                          PETERSON              
   MAR-28-2001  S  CHIEF SPONSOR CHANGED TO                 RAUSCHENBERGER        
   MAR-28-2001  S                             AMENDMENT NO. 01-REVENUE       S    
   MAR-28-2001  S                                   ADOPTED                       
   MAR-29-2001  S       DO PASS AS AMENDED                  009-000-000   SREV    
   MAR-29-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-30              
   MAR-30-2001  S  SECOND READING                                                 
   MAR-30-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-02              
   APR-03-2001  S  THIRD READING - PASSED                   053-000-000           
   APR-03-2001  H  ARRIVE IN HOUSE                                                
   APR-03-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   APR-03-2001  H  HOUSE SPONSOR                            CURRIE                
   APR-04-2001  H  FIRST READING                                                  
   APR-04-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   APR-18-2001  H  ALTERNATE PRIMARY SPONSOR CHANGED TO     RYDER                 
   APR-18-2001  H  ADDED AS A JOINT SPONSOR                 BEAUBIEN              
   APR-24-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         LYONS,JOSEPH          
   APR-26-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         MOORE                 
   MAY-03-2001  H                             AMENDMENT NO. 01-REVENUE       H    
   MAY-03-2001  H                                   ADOPTED SUB                   
   MAY-03-2001  H  DO PASS AMENDED/SHORT DEBATE             011-000-000   HREV    
   MAY-03-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAY-08-2001  H  SECOND READING-SHORT DEBATE                                    
   MAY-08-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAY-09-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         MULLIGAN              
   MAY-09-2001  H  THIRD READING/SHORT DEBATE/PASSED        116-000-000           
   MAY-10-2001  S  SECRETARYS DESK - CONCURRENCE            01                    
   MAY-18-2001  S  FILED WITH SECRETARY                                           
   MAY-18-2001  S    MOTION NON-CONCUR - HOUSE AMENDMENT NO 01-RAUSCHENBERGER     
   MAY-23-2001  S  SEN NON-CONCURS IN HSE AMENDMENTS (NO.)  01                    
   MAY-23-2001  H  ARRIVE IN HOUSE                                                
   MAY-23-2001  H  PLACED CALENDAR ORDER NON-CONCURRENCE    01                    
   MAY-31-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



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