HB6318 - Illinois

General Assembly, Tax  


    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 May 1, 2008 and through September 15, 2008, with respect to motor fuel and gasohol the tax under the Acts is imposed at the rate of 1.25% (now, 6.25%). Requires the Commission on Government Forecasting and Accountability to submit monthly reports to the General Assembly and the Governor on the savings to consumers of motor fuel in Illinois as a result of the reduced tax rate during the period from May 1, 2008 through September 15, 2008. Effective immediately.

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