92nd General Assembly
Summary of HB2267
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House Sponsors:
ACEVEDO-FRITCHEY AND FRANKS.

Short description: 
USE-OCC TAX-TAX HOLIDAY                                                    

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.      
   Eliminates, from August 1 through August 31  each  year,  the  State's      
   portion  of  the  tax with respect to "school supplies", which include      
   (i) clothing having a selling price of  $100  or  less,  (ii)  wallets      
   having  a  selling  price of $100 or less, (iii) bags having a selling      
   price of $100 or less, (iv) other supplies, except calculators, having      
   a selling price of $10 or less, and (v) calculators having  a  selling      
   price  of  $100  or less.  Exempts the tax elimination from the sunset      
   provisions.   Amends  the  State  Finance  Act  to  account  for   the      
   distribution of the reduced tax.  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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