Bill Title: Amends the Use Tax Act. Extends the exemption for purchases of production related tangible personal property through June 30, 2017 (now, through June 30, 2008). Provides that the credit is awarded through a credit memorandum. Requires the Department of Revenue to report annually concerning the exemption. Imposes conditions on rulemaking. Amends the Retailers’ Occupation Tax Act. Eliminates language concerning credits for production related tangible personal property. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2010-03-19 - Added Co-Sponsor Rep. Elizabeth Hernandez [HB1121 Detail]

Text: Latest bill text (Introduced) [HTML]

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