92nd General Assembly
Summary of SB0891
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Senate Sponsors:
WOOLARD.

Short description: 
USE-OCC TX-FARM TRACTOR FUEL                                               

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 July 1,  2001  and  through  June  30,  2003,  with      
   respect  to  motor  fuel  used  in implements of husbandry, the tax is      
   imposed at the rate of 1.25% (eliminating the State's portion  of  the      
   tax  on  motor  fuel  used in implements of husbandry). Amends the tax      
   prepayment provisions in the Retailers' Occupation Tax Act to  reflect      
   a  corresponding  reduction in the prepayment of the tax on motor fuel      
   used in implements of husbandry.  Amends the Motor  Fuel  Tax  Law  to      
   reflect  the  reduced  tax  rate  for motor fuel used in implements of      
   husbandry for the motor fuel use tax on commercial  vehicles.   Amends      
   the  State  Finance  Act to reflect the reduced tax rate on motor fuel      
   used in implements of husbandry.  Effective July 1, 2001.                   
 
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