USE/OCC TX-PROCEEDS

Session: 103rd General Assembly
Year: 2024
Bill #: HB5225
Category: Revenue
Position: Under Review
Mandate?
Revenue Loss?
Authority Preemption?

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Summary as Introduced

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, after certain deposits have been made, 0.25% of the remainder of the proceeds shall be deposited into the Partners for Conservation Fund. Effective July 1, 2024.



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