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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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Elizabeth Hernandez [D]	Sponsor	Sponsored Bills	HD-002	FollowTheMoney	Ballotpedia	VoteSmart
Representative Linda LaVia [D]	Sponsor	Sponsored Bills	HD-083	FollowTheMoney	Ballotpedia	VoteSmart
Representative Louis Lang [D]	Sponsor	Sponsored Bills	HD-016	FollowTheMoney	Ballotpedia	VoteSmart

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