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 Full Text Bill Status