91st General Assembly
Summary of HB4742
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House Sponsors:
WINKEL.

Short description: 
USE/OCC TAX-TEXTBOOKS-HIGHR ED                                             

Synopsis of Bill as introduced:
        Amends the Use Tax Act, the Service  Use  Tax  Act,  the  Service      
   Occupation  Tax  Act, and the Retailers' Occupation Tax Act.  Provides      
   that, beginning January 1, 2001, the tax  with  respect  to  textbooks      
   required  for  use at State universities and public community colleges      
   is imposed under these Acts at the  rate  of  1.25%  (eliminating  the      
   State's  portion  of the tax). Authorizes the Department of Revenue to      
   promulgate  rules.  Amends  the  State  Finance  Act  to  adjust   the      
   distribution with respect to this tax.  Effective July 1, 2001.             
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status