IL SB 271

Author

Craig Wilcox
Stratton Office Building Section A, Office K
Springfield, IL 62706
217-782-8000
senatorwilcox@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

Establishes that motor fuel tax not exceed pre-payment amount of $0.18 per gallon set for motor fuel retailers.

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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. Provides that, beginning 30 days after the effective date of the amendatory Act, the cents per gallon rate established by the Department of Revenue for the prepayment of tax by motor fuel retailers may not exceed $0.18 per gallon for motor fuel and 80% of that amount for gasohol and biodiesel blends. Provides that the rate of tax imposed under the Acts for motor fuel, gasohol, majority blended ethanol fuel, and biodiesel and biodiesel blends may not exceed that prepayment amount set by the Department of Revenue.

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Notes

Dead.

History

01/31/2022 Introduced.
03/31/2023 Missed crossover deadline.