HB 3836

Abstract

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the Department of Revenue shall monitor the rate of tax imposed on motor fuel and gasohol by the states of Iowa, Kentucky, and Missouri. Provides that, if the Department finds that the rate of tax imposed on the selling price of motor fuel or gasohol, or both, by the State of Iowa, the State of Kentucky, or the State of Missouri is less than 6.25%, then the Department shall, by rule, reduce the rate of tax imposed under the Acts on motor fuel and gasohol sold within 30 miles of a bridge or operating motor vehicle ferry that crosses the Illinois border with Iowa, Kentucky, or Missouri, as applicable, to 1.25% beginning on the first day of the first month to occur not less than 30 days after the date of the finding. Provides that, if the Department finds that the rate of tax imposed on the selling price of motor fuel or gasohol, or both, by the State of Iowa, the State of Kentucky, or the State of Missouri is 6.25% or higher, then the Department shall, by rule, increase the rate of tax imposed under the Acts on motor fuel and gasohol to 6.25%. Effective immediately.