92nd General Assembly
Summary of HB1921
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House Sponsors:

Senate Sponsors:

Short description: 
SALES-USE TAXES-MUNICIPAL                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code.  Provides that the Retailer's      
   Occupation Tax, the Service Occupation Tax, and the Use Tax imposed by      
   non-home-rule municipalities under the Illinois Municipal  Code  shall      
   not  be  imposed at a rate greater than 1/2 of 1% and shall be imposed      
   only in 1/4% increments.  Provides that  the  proceeds  from  these  3      
   taxes may also be used for municipal property tax relief.                   
          FISCAL NOTE (Department of Revenue)                                  
          HB 1921 does not create a fiscal impact on the Department.           
          STATE MANDATES NOTE (Dept. of Commerce & Community Affairs)          
          In the opinion of the Department of Commerce and Community           
          Affairs (DCCA), HB1921 does not create a State mandate under         
          the State Mandates Act.                                              
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


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