<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3642         </title>
<shortdesc>GO BOND-OCC/USE TAX MOTOR FUEL</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Bill Mitchell</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 330/2</reference><aliasreference>from Ch. 127, par. 652</aliasreference><reference>30 ILCS 330/7.8 new</reference><aliasreference></aliasreference><reference>30 ILCS 330/12</reference><aliasreference>from Ch. 127, par. 662</aliasreference><reference>35 ILCS 105/9</reference><aliasreference>from Ch. 120, par. 439.9</aliasreference><reference>35 ILCS 110/9</reference><aliasreference>from Ch. 120, par. 439.39</aliasreference><reference>35 ILCS 115/9</reference><aliasreference>from Ch. 120, par. 439.109</aliasreference><reference>35 ILCS 120/3</reference><aliasreference>from Ch. 120, par. 442</aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>6/19/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Bill Mitchell</action>
<statusdate>6/19/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>6/19/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

