Senate Sponsors: WALSH,L AND HALVORSON. 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 8 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: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status