92nd General Assembly
Status of SB0968
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 Full Text  Bill Summary

   35 ILCS 615/2             from Ch. 120, par. 467.17                         
   35 ILCS 640/2-4                                                             
   35 ILCS 645/5-5                                                             
   65 ILCS 5/8-11-2          from Ch. 24, par. 8-11-2                          
   30 ILCS 805/8.25 new                                                        

        Amends the Gas Revenue Tax Act, the Electricity Excise  Tax  Law,      
   the  Electricity Infrastructure Maintenance Fee Law, and the privilege      
   and occupation tax provision of the Illinois Municipal Code.  Provides      
   that beginning in  calendar  year  2001  and  in  each  calendar  year      
   thereafter  through  calendar year 2006, when the net revenue realized      
   in the calendar year from certain taxes and fees imposed  under  these      
   Acts  or under the authority of any home rule power equals 125% of the      
   net revenue realized from the tax or fee imposed in the prior calendar      
   year, no tax or fee shall  be  imposed  beginning  on  that  date  and      
   through  December 31 of that year.  Beginning on January 1 of the next      
   calendar year, the tax or fee is  again  imposed.   Amends  the  State      
   Mandates  Act  to  require implementation without reimbursement by the      
   State.  Pre-empts home rule powers.  Effective immediately.                 
   FEB-22-2001  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-22-2001  S       TO SUBCOMMITTEE                                           
   MAR-22-2001  S                   COMMITTEE               REVENUE               
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary