92nd General Assembly
Summary of SB2037
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Senate Sponsors:
BOWLES, PETERSON AND DILLARD.

House Sponsors:
HOFFMAN-MYERS,RICHARD-MATHIAS

Short description: 
SALES-USE TAXES-MUNICIPAL                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code. Requires  the  Department  of      
   Revenue,  beginning  on  October  1,  2002,  to administer and enforce      
   certain non-home rule municipal occupation and use taxes beginning  on      
   (i)  the  first  day  of  July if a certified copy of the ordinance or      
   resolution concerning the tax is delivered to  the  Department  on  or      
   before  the  first  day of April or (ii) the first day of January if a      
   certified copy of the ordinance or resolution concerning  the  tax  is      
   delivered  to  the  Department  on  or before the first day of October      
   (currently, the Department must administer  and  enforce  these  taxes      
   beginning  on January 1). Provides that the Retailer's Occupation Tax,      
   the Service Occupation Tax, and the Use Tax imposed by  non-home  rule      
   municipalities  under the Illinois Municipal Code shall not be imposed      
   at a rate greater than 1/2 of 1% and shall be  imposed  only  in  1/4%      
   increments.  Provides that the proceeds from these 3 taxes may also be      
   used  for  municipal  property  tax  relief.   Defines  "property  tax      
   relief".                                                                    
 
Last action on Bill: PUBLIC ACT.............................. 92-0739

   Last action date: JUL-25-2002

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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