HB5732: USE/OCC TAX-MOTOR FUEL EXEMPT

Legislative Summary

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning 30 days after the effective date of the amendatory Act and continuing through the last day of the fourth month after the effective date of the amendatory Act, the taxes imposed by those Acts do not apply to the proceeds of sales of: motor fuel; gasohol; majority blended ethanol fuel; biodiesel; and biodiesel blends. Amends the Motor Fuel Tax Act. Provides that no tax shall be imposed under this Act beginning 30 days after the effective date of the amendatory Act and continuing through the last day of the fourth month after the effective date of the amendatory Act. Amends the Illinois Administrative Procedure Act to authorize emergency rulemaking. Effective immediately.