<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4326   </title>
<shortdesc>USE &amp; OCC TAXES-WATER CO-OPS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jim Watson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 105/3-5</reference><aliasreference>from Ch. 120, par. 439.3-5</aliasreference><reference>35 ILCS 110/3-5</reference><aliasreference>from Ch. 120, par. 439.33-5</aliasreference><reference>35 ILCS 115/3-5</reference><aliasreference>from Ch. 120, par. 439.103-5</aliasreference><reference>35 ILCS 120/2-5</reference><aliasreference>from Ch. 120, par. 441-5</aliasreference><SynopsisText>     Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Beginning on January 1, 2007, exempts from the taxes imposed by these Acts tangible personal property purchased by a not-for-profit corporation organized under the General Not For Profit Corporation Act of 1986 for the purpose of ownership and operation of water supply facilities for drinking and general domestic use on a mutual or cooperative basis. Provides that the exemptions are not subject to the sunset provisions of the Acts. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>12/29/2005</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jim Watson</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/4/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

