92nd General Assembly
Summary of HB2530
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House Sponsors:
WRIGHT-BLACK-KURTZ-MITCHELL,JERRY-WIRSING, BERNS, 
   BRADY, DANIELS, HULTGREN, JONES,JOHN, LAWFER, LINDNER, 
   MOFFITT, MYERS,RICHARD, O'CONNOR, POE, RIGHTER, SAVIANO, 
   WAIT, WINKEL, FRANKS AND CROSS.

Short description: 
USE-OCC TAX-REDUCE FOR GASOHOL                                             

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 on January 1, 2002 and through December 31, 2006, with      
   respect  to  gasohol,  the  tax  is  imposed  at  the  rate  of  1.25%      
   (eliminating the State's portion of the tax on gasohol).   Amends  the      
   tax  prepayment  provisions  in  the  Retailers' Occupation Tax Act to      
   reflect a corresponding reduction in the  prepayment  of  the  tax  on      
   gasohol.   Amends  the  Motor  Fuel Tax Law to reflect the reduced tax      
   rate for gasohol for the motor fuel use tax  on  commercial  vehicles.      
   Amends  the  State  Finance  Act  to  reflect  the reduced tax rate on      
   gasohol.  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