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 January 1, 2004, a retailer or serviceman is allowed to take the 1.75% or $5 discount, as appropriate, for the first $1,000,000 in sales in the aggregate in a calendar year under each of the 4 Acts to reimburse himself or herself for expenses incurred in collecting the tax, keeping records, preparing and filing returns, remitting the tax, and supplying data to the Department of Revenue on request. No discount may be taken for sales above $1,000,000 in the aggregate in a calendar year under the 4 Acts. Effective January 1, 2004.
Sponsored bills
Amends the State Finance Act. Provides that no transfers may be made, in order to help defray the State's operating costs for the fiscal year, from the Road Fund or the State Construction Account Fund on or after the effective date of this amendatory Act. Effective July 1, 2004.
Makes appropriations to the Office of the State Appellate Defender for its ordinary and contingent expenses and for certain other expenses. Effective July 1, 2004.
Appropriates $2 from the General Revenue Fund to the Judicial Inquiry Board for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Appropriates $2 from the General Revenue Fund to the Supreme Court for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act. Includes Internet sales within the Act's provisions.
Appropriates $2 from the General Revenue Fund to the Environmental Protection Trust Fund Commission for its FY04 ordinary and contingent expenses. Effective July 1, 2003.
Amends the Property Tax Extension Limitation Law. Excludes the amount of taxes abated by a taxing district on certain property used for commercial and industrial purposes, horse racing, auto racing , academic or research institutes, housing for older persons, recreation facilities, or relocated corporate headquarters from the amount not included in the aggregate extension base when computing the limiting rate. Effective immediately.
Amends the General Obligation Bond Act. Provides that the tobacco securitization bonds may be issued only in fiscal years 2003 and 2004 (now, only in fiscal year 2003). Amends the State Finance Act. Makes a technical change in a Section concerning the Tobacco Settlement Recovery Fund. Effective immediately.
Appropriates $2 from the General Revenue Fund to the State Board of Education for its ordinary and contingent expenses. Effective July 1, 2003.