92nd General Assembly
Status of SB0601
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PETERSON-CLAYBORNE.

   35 ILCS 105/3-5           from Ch. 120, par. 439.3-5                        
   35 ILCS 110/3-5           from Ch. 120, par. 439.33-5                       
   35 ILCS 115/3-5           from Ch. 120, par. 439.103-5                      
   35 ILCS 120/2-5           from Ch. 120, par. 441-5                          

        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act,  and the Retailers' Occupation Tax Act.  Exempts      
   from the taxes imposed  by  these  Acts  production  related  tangible      
   personal  property  and  machinery and equipment, including repair and      
   replacement parts, both  new  and  used,  and  including  those  items      
   manufactured on special order or purchased for lease, certified by the      
   purchaser to be essential to and used in the process of the production      
   of  electricity  by  an eligible facility owned by an exempt wholesale      
   generator.  Defines "eligible facility", "exempt wholesale generator",      
   "production  related tangible  personal  property",  "machinery",  and      
   "equipment".   Provides  that  the  exemption applies to machinery and      
   equipment  used  in  the  general  maintenance  or  repair  of  exempt      
   machinery and equipment.    Sunsets  the  exemption  after  10  years.      
   Provides  that  the  amendatory provision may not be used to ascertain      
   whether the exempt items are subject to ad valorem property  taxes  or      
   other  taxes.   Provides  that  the  exemption  does  not apply to any      
   additional use, occupation, or service occupation tax imposed  by  the      
   Board  of Directors of the Regional Transportation Authority under the      
   Regional Transportation Authority Act.  Effective immediately.              
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-22-2001  S       TO SUBCOMMITTEE                                           
   MAR-22-2001  S                   COMMITTEE               REVENUE               
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary