Naomi D. Jakobsson
- Democratic
Primary
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning July 1, 2003, the tax with respect to textbooks required for use at State universities and public community colleges or at institutions of higher learning as defined in the Illinois Financial Assistance Act for Nonpublic Institutions of Higher Learning 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 adopt rules. Amends the State Finance Act to adjust the distribution with respect to this tax. Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue Committee
Filed with the Clerk by Rep. Naomi D. Jakobsson
First Reading
Referred to Rules Committee
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