BRADY, DANIELS, HULTGREN, JONES,JOHN, LAWFER, LINDNER,
MOFFITT, MYERS,RICHARD, O'CONNOR, POE, RIGHTER, SAVIANO,
WAIT, WINKEL, FRANKS AND CROSS.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status