House Sponsors: BLACK-BRUNSVOLD. Senate Sponsors: FITZGERALD-PETERSON Short description: SVC OCC TX-EQUIPMENT-MACHINERY Synopsis of Bill as introduced: Amends the Service Occupation Tax Act. Makes technical changes in the Section concerning corporations, limited liability companies, societies, associations, foundations, or institutions organized and operated exclusively for educational purposes. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB2201 fails to create a State mandate under the State Mandates Act. FISCAL NOTE (Dept. of Revenue) There will not be a fiscal impact to this Dept. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 15/2c Adds reference to: 35 ILCS 110/3-70 Deletes everything. Amends the Service Use Tax Act. Provides that all purchases of manufacturing machinery and equipment and graphic arts machinery and equipment that qualify for the manufacturing machinery and equipment or graphic arts machinery and equipment exemptions qualify for the credit without regard to whether the serviceman elected, or could have elected, to exclude the transaction from this Act. Provides that if the serviceman's billing to the service customer separately states a selling price for the exempt manufacturing machinery or equipment or the exempt graphic arts machinery and equipment, the credit shall be calculated based on that selling price. Provides that if the serviceman's billing does not separately state a selling price for the exempt manufacturing machinery and equipment or the exempt graphic arts machinery and equipment, the credit shall be calculated based on 50% of the entire billing. Provides that if the serviceman contracts to design, develop, and produce special order manufacturing machinery and equipment or special order graphic arts machinery and equipment, and the billing does not separately state a selling price for such special order machinery and equipment, the credit shall be calculated based on 50% of the entire billing. Provides that these provisions are effective for purchases made on or after January 1, 1995. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 90-0166 Last action date: 97-07-23 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status