House Sponsors: MOORE,ANDREA-TURNER,ART-BLACK-LEITCH. Senate Sponsors: WEAVER,S-MYERS,J Short description: UTIL TXES-ELEC FUNDS TRANSFER Synopsis of Bill as introduced: Amends the Gas Revenue Tax Act, the Public Utilities Revenue Act, the Water Company Invested Capital Tax Act, and the Telecommunications Excise Tax Act. Provides that a taxpayer may make the payments required under those Acts by electronic funds transfer. Provides that the Department of Revenue shall adopt rules necessary to effectuate a program of electronic funds transfer. Effective immediately. FISCAL NOTE (Dpt. of Revenue) HB709 may have a minimal positive fiscal impact due to effici- ency and timeliness of electronic funds transfer payments, as well as additional interest earned on State tax collections collected without mail delay. SENATE AMENDMENT NO. 1. Adds reference to: 65 ILCS 5/8-11-2 from Ch. 24, par. 8-11-2 220 ILCS 5/9-222.1 from Ch. 111 2/3, par. 9-222.1 Amends the Illinois Municipal Code and the Public Utilities Act to provide that the provisions granting enterprise zones or Foreign Trade Zones or Sub-Zones exemptions from utility taxes in certain cases shall apply to business enterprises that make an investment of at least $200,000,000 that causes the creation of a minimum of 150 new jobs in Illinois. Effective immediately. SENATE AMENDMENT NO. 2. Reduces the amount of the required investment by businesses in order to qualify for the exemptions to at least $175,000,000. SENATE AMENDMENT NO. 3. Adds reference to: 35 ILCS 615/1 from Ch. 120, par. 467.16 Further amends the Gas Revenue Tax Act. Provides that the exemption from "gross receipts" for any charge for gas or gas services to a customer who acquired contractual rights for the direct purchase of gas or gas services originating from an out-of-State supplier or source includes any charge for gas or gas service, except for those charges solely related to the local distribution of gas by a public utility, to a customer who maintained an account with a public utility for the transportation of customer-owned gas on or before March 1, 1995. Provides that these amendatory provisions are declarative of existing law. Last action on Bill: PUBLIC ACT.............................. 90-0016 Last action date: 97-06-16 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 3 END OF INQUIRY Full Text Bill Status