Illinois Senate Bill 2923

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 26 2024 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of "gross receipts" does not include consideration received from certain business enterprises. Amends the Electricity Excise Tax Law. Provides that the tax under the Act is not imposed with respect to any use by the purchaser in the process of manufacturing or assembling tangible personal property for wholesale or for retail sale or lease. Effective immediately.

MANUFACTURING-ENERGY-EXEMPTION

Sen. Dale Fowler [R]

Date	Chamber	Action
2024-03-15	Senate	Rule 3-9(a) / Re-referred to Assignments
2024-02-06	Senate	Assigned to Revenue
2024-01-26	Senate	Referred to Assignments
2024-01-26	Senate	First Reading
2024-01-26	Senate	Filed with Secretary by Sen. Dale Fowler

Chapter	Article	Section	Citation Type	Statute Text
35	173	5-10	Amended Code	Citation Text
35	615	1	Amended Code	Citation Text
35	640	2-4	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2923&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2923.htm