92nd General Assembly
Summary of HB0057
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House Sponsors:
PARKE.

Short description: 
MOTOR FUEL-REDUCE USE-OCC TAX                                              

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act,  and the Retailers' Occupation Tax Act. Provides      
   that beginning July 1, 2001 and thereafter, the tax  with  respect  to      
   motor  fuel  and  gasohol  is  imposed under these Acts at the rate of      
   1.25% (permanently  eliminating  the  State's  portion  of  the  tax).      
   Reduces  from  $0.04  to $0.01 the amount per gallon of motor fuel and      
   from $0.03 to $0.01 the amount per gallon of gasohol that a motor fuel      
   retailer shall prepay in taxes to a registered distributor,  supplier,      
   or  other  reseller  of  motor  fuel.  Amends the State Finance Act to      
   provide for the distribution of  the  1.25%  tax  on  motor  fuel  and      
   gasohol.   Amends  the Motor Fuel Tax Law to provide that the part (b)      
   rate of the tax imposed upon the use of motor fuel  upon  highways  of      
   this  State  by  commercial motor vehicles shall be determined using a      
   1.25% rate rather than a 6.25% rate beginning July 1, 2001.  Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



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