Bill Text: IL HB3576 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Service Occupation Tax Act and the Retailers' Occupation Tax Act. Provides that, no later than March 1 of each year beginning in 2013, each business located in an enterprise zone may apply with the Department of Commerce and Economic Opportunity for a rebate in an amount not to exceed 1% of the amount the tax paid by the business under the Acts during the previous calendar year for the purchase of tangible personal property from a vendor located in Illinois. The Department of Commerce and Economic Opportunity shall pay the rebates from moneys appropriated for that purpose. Effective immediately.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3576 Detail]
Download: Illinois-2011-HB3576-Introduced.html
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1 | AN ACT concerning revenue.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Service Occupation Tax Act is amended by | ||||||||||||||||||||||||||
5 | adding Section 3-8 as follows:
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6 | (35 ILCS 115/3-8 new) | ||||||||||||||||||||||||||
7 | Sec. 3-8. Rebate to businesses in enterprise zones. | ||||||||||||||||||||||||||
8 | Notwithstanding any other provision of law, no later than March | ||||||||||||||||||||||||||
9 | 1 of each year beginning in 2013, each business located in an | ||||||||||||||||||||||||||
10 | enterprise zone may apply with the Department of Commerce and | ||||||||||||||||||||||||||
11 | Economic Opportunity for a rebate in an amount not to exceed 1% | ||||||||||||||||||||||||||
12 | of the amount the tax paid by the business under this Act | ||||||||||||||||||||||||||
13 | during the previous calendar year for the purchase of tangible | ||||||||||||||||||||||||||
14 | personal property from a vendor located in Illinois. The | ||||||||||||||||||||||||||
15 | Department of Commerce and Economic Opportunity shall pay the | ||||||||||||||||||||||||||
16 | rebates from moneys appropriated for that purpose.
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17 | Section 10. The Retailers' Occupation Tax Act is amended by | ||||||||||||||||||||||||||
18 | adding Section 1r as follows:
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19 | (35 ILCS 120/1r new) | ||||||||||||||||||||||||||
20 | Sec. 1r. Rebate to businesses in enterprise zones. | ||||||||||||||||||||||||||
21 | Notwithstanding any other provision of law, no later than March |
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1 | 1 of each year beginning in 2013, each business located in an | ||||||
2 | enterprise zone may apply with the Department of Commerce and | ||||||
3 | Economic Opportunity for a rebate in an amount not to exceed 1% | ||||||
4 | of the amount the tax paid by the business under this Act | ||||||
5 | during the previous calendar year for the purchase of tangible | ||||||
6 | personal property from a vendor located in Illinois. The | ||||||
7 | Department of Commerce and Economic Opportunity shall pay the | ||||||
8 | rebates from moneys appropriated for that purpose.
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9 | Section 99. Effective date. This Act takes effect upon | ||||||
10 | becoming law.
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