Illinois House Bill 3642 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the General Obligation Bond Act. Requires the issuance of general obligation bonds in the amount of $4,000,000,000 for the purposes of school construction, transportation, and pollution control. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Requires the Department of Revenue to deposit 100% of the net revenue realized from the 6.25% general rate on the selling price of motor fuel and gasohol into the General Obligation Bond Retirement and Interest Fund until a sufficient amount has been deposited to pay the costs to retire the bonds. Effective immediately.

GO BOND-OCC/USE TAX MOTOR FUEL

Rep. Bill Mitchell [R]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-06-19	House	Referred to Rules Committee
2013-06-19	House	First Reading
2013-06-19	House	Filed with the Clerk by Rep. Bill Mitchell

Chapter	Article	Section	Citation Type	Statute Text
30	330	12	Amended Code	Citation Text
30	330	2	Amended Code	Citation Text
30	330	7.8	New Code	See Bill Text
35	105	9	Amended Code	Citation Text
35	110	9	Amended Code	Citation Text
35	115	9	Amended Code	Citation Text
35	120	3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3642&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB3642.htm