IL HB 5860

Author

Ryan Spain
314 Capitol Building
Springfield, IL 62706
217-782-8108
repryanspain@gmail.com
Author Detail Link

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Bill Text

Category

Fuel Tax

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State

IL

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Summary

Reduces the rate of tax on motor fuel and gasohol to 1.25% (currently, 6.25%).

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Issue

Amends the Use Tax Act, the Service Use Tax Act, the Service
Occupation Tax Act, and the Retailers' Occupation Tax Act. Reduces the rate of tax on motor fuel and gasohol to 1.25% (currently, 6.25%). Makes changes concerning the distribution of the proceeds from those taxes. Amends the State Finance Act to make conforming changes. Effective immediately.

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Notes

Dead.

History

01/04/2023 First reading. Referred to House Committee on Rules for committee assignment.
03/31/2023 Missed crossover deadline.