Bill Status of SB 1340   104th General Assembly


Short Description:  MANUFACTURING-ENERGY-EXEMPTION

Senate Sponsors
Sen. Dale Fowler

Last Action  View All Actions

DateChamber Action
  1/28/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 173/5-10
35 ILCS 615/1from Ch. 120, par. 467.16
35 ILCS 640/2-4

Synopsis As Introduced
Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of "gross receipts" does not include consideration received from certain business enterprises. Amends the Electricity Excise Tax Law. Provides that the tax under the Act is not imposed with respect to any use by the purchaser in the process of manufacturing or assembling tangible personal property for wholesale or for retail sale or lease. Effective immediately.

Actions 
DateChamber Action
  1/28/2025SenateFiled with Secretary by Sen. Dale Fowler
  1/28/2025SenateFirst Reading
  1/28/2025SenateReferred to Assignments

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