<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3386         </title>
<shortdesc>SALES TAX REFUND FUND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jerry Costello, II</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 105/5.866 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-101 new</reference><aliasreference></aliasreference><reference>35 ILCS 105/9</reference><aliasreference>from Ch. 120, par. 439.9</aliasreference><reference>35 ILCS 105/19</reference><aliasreference>from Ch. 120, par. 439.19</aliasreference><reference>35 ILCS 110/9</reference><aliasreference>from Ch. 120, par. 439.39</aliasreference><reference>35 ILCS 110/17</reference><aliasreference>from Ch. 120, par. 439.47</aliasreference><reference>35 ILCS 115/9</reference><aliasreference>from Ch. 120, par. 439.109</aliasreference><reference>35 ILCS 115/17</reference><aliasreference>from Ch. 120, par. 439.117</aliasreference><reference>35 ILCS 120/3</reference><aliasreference>from Ch. 120, par. 442</aliasreference><reference>35 ILCS 120/6</reference><aliasreference>from Ch. 120, par. 445</aliasreference><reference>35 ILCS 128/1-55</reference><aliasreference></aliasreference><reference>35 ILCS 130/9d</reference><aliasreference>from Ch. 120, par. 453.9d</aliasreference><reference>35 ILCS 135/14a</reference><aliasreference>from Ch. 120, par. 453.44a</aliasreference><reference>35 ILCS 510/2</reference><aliasreference>from Ch. 120, par. 481b.2</aliasreference><reference>35 ILCS 610/6</reference><aliasreference>from Ch. 120, par. 467.6</aliasreference><reference>35 ILCS 615/6</reference><aliasreference>from Ch. 120, par. 467.21</aliasreference><reference>35 ILCS 620/6</reference><aliasreference>from Ch. 120, par. 473</aliasreference><reference>35 ILCS 625/6</reference><aliasreference>from Ch. 120, par. 1416</aliasreference><reference>35 ILCS 630/10</reference><aliasreference>from Ch. 120, par. 2010</aliasreference><reference>235 ILCS 5/8-3</reference><aliasreference>from Ch. 43, par. 159a</aliasreference><SynopsisText>     Amends the State Finance Act to create the Sales and Excise Tax Refund Fund. Provides that moneys in the Fund shall be used by the Department of Revenue to pay refunds under various tax Acts. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to provide that 0.18% of 80% of the net revenue realized for the preceding month from the 6.25% general rate on the selling price of tangible personal property shall be deposited each month into the Sales and Excise Tax Refund Fund. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, the Cigarette Machine Operators' Occupation Tax Act, the Cigarette Tax Act, the Cigarette Use Tax Act, the Coin-Operated Amusement Device and Redemption Machine Tax Act, the Messages Tax Act, the Gas Revenue Tax Act, the Public Utilities Revenue Act, the Water Company Invested Capital Tax Act, the Telecommunications Excise Tax Act, and the Liquor Control Act of 1934 to provide that refunds shall be made under those Acts from the Sales and Excise Tax Refund Fund (instead of from appropriations made available for that purpose). Effective July 1, 2015.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jerry Costello, II</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/13/2015</statusdate><chamber>House</chamber><action>To Sales and Other Taxes Subcommittee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

