Bill Mitchell
- Republican
Primary
Amends the General Obligation Bond Act. Requires the issuance of general obligation bonds in the amount of $4,000,000,000 for the purposes of school construction, transportation, and pollution control. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Requires the Department of Revenue to deposit 100% of the net revenue realized from the 6.25% general rate on the selling price of motor fuel and gasohol into the General Obligation Bond Retirement and Interest Fund until a sufficient amount has been deposited to pay the costs to retire the bonds. Effective immediately.
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Session Sine Die
Filed with the Clerk by Rep. Bill Mitchell
First Reading
Referred to Rules Committee
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