HB0403 - Illinois: Environmental Protection, Exemptions, Tax

USE/OCC TX-WATER SUPPLY EXEMPT Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides an exemption from taxation under the Acts for tangible personal property used in the construction, maintenance, or operation of a public water supply that is operated by a not-for-profit entity. Provides that the Acts' sunset provisions do not apply to these exemptions. House Amendment No. 1 Deletes everything after the enacting clause. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides an exemption from taxation under the Acts for tangible personal property used in the construction, maintenance, or operation of a community water supply that is operated by a not-for-profit corporation that holds a valid water supply permit issued under certain provisions of the Environmental Protection Act. Provides that the Acts' sunset provisions [...]

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