<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3886   </title>
<shortdesc>USE/OCC TX-SMALL BUSINESS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. La Shawn K. Ford</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/6z-18</reference><aliasreference>from Ch. 127, par. 142z-18</aliasreference><reference>30 ILCS 105/6z-20</reference><aliasreference>from Ch. 127, par. 142z-20</aliasreference><reference>35 ILCS 105/3-10</reference><aliasreference></aliasreference><reference>35 ILCS 105/3-55</reference><aliasreference>from Ch. 120, par. 439.3-55</aliasreference><reference>35 ILCS 105/9</reference><aliasreference>from Ch. 120, par. 439.9</aliasreference><reference>35 ILCS 110/3-10</reference><aliasreference>from Ch. 120, par. 439.33-10</aliasreference><reference>35 ILCS 110/9</reference><aliasreference>from Ch. 120, par. 439.39</aliasreference><reference>35 ILCS 115/3-10</reference><aliasreference>from Ch. 120, par. 439.103-10</aliasreference><reference>35 ILCS 115/9</reference><aliasreference>from Ch. 120, par. 439.109</aliasreference><reference>35 ILCS 120/2-10</reference><aliasreference></aliasreference><reference>35 ILCS 120/2k new</reference><aliasreference></aliasreference><reference>35 ILCS 120/3</reference><aliasreference>from Ch. 120, par. 442</aliasreference><SynopsisText>     Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of tax on certain items of tangible personal property purchased from a certified small business is 5.25% (instead of 6.25%). Provides that the rate of tax on certain items of tangible personal property purchased by a small business that participates in a small business incentive program established by the Department of Revenue is 5.25% (instead of 6.25%). Provides that the Department of Revenue shall certify those small businesses and shall establish the small business incentive program. Provides that businesses that participate in the small business incentive program shall be charged a fee of $250 per year. Effective January 1, 2013.</SynopsisText></synopsis>
<actions>
<statusdate>11/21/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. La Shawn K. Ford</action>
<statusdate>11/21/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/21/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

