USE/OCC TX-REFUNDS

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on July 1, 2015, the Department shall pay into the Use and Occupation Tax Refund Fund 0.1% of the net revenue realized for the preceding month from the taxes imposed under those Acts. Provides that moneys in the Fund shall be expended exclusively for the purpose of paying refunds resulting from overpayment of tax liability under those Acts. Amends the State Finance Act to create the Use and Occupation Tax Refund Fund. Effective immediately.