RAUSCHENBERGER. 35 ILCS 630/3 from Ch. 120, par. 2003 35 ILCS 630/4 from Ch. 120, par. 2004 35 ILCS 630/5 from Ch. 120, par. 2005 35 ILCS 630/6 from Ch. 120, par. 2006 Amends the Telecommunications Excise Tax Act. Provides that for bills issued after January 30, 1998, the tax is imposed at a rate of 7% (now beginning January 1, 1998 the tax is imposed at a rate of 7%). Provides that beginning January 1, 1999, retailers collecting the tax imposed under the Act shall remit the amount of the tax due less a .5% discount, which is allowed to reimburse the retailer for expenses incurred in keeping records, preparing and filing returns, remitting the tax, and supplying data to the Department on request. Provides that the moneys retained by the retailers as a discount shall be deducted exclusively from the General Revenue Fund and shall not diminish revenues to the Common School Fund or the School Infrastructure Fund. Effective immediately. 98-01-28 S FIRST READING 98-01-28 S REFERRED TO SENATE RULES COMMITTEE RULES 98-02-25 S ASSIGNED TO COMMITTEE ENVIR & ENE 98-03-05 S POSTPONED 98-03-12 S TO SUBCOMMITTEE 98-03-12 S COMMITTEE ENVIR & ENE 98-03-13 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 98-05-22 S RULED EXEMPT UNDER SENATE RULE 3-9(B) SRUL 98-05-22 S ASSIGNED TO COMMITTEE ENVIR & ENE 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary