HB1322 amends tax laws to exempt certain business enterprises from gas and electricity taxes.
HB1322 amends the Gas Use Tax Law, Gas Revenue Tax Act, and Electricity Excise Tax Law in Illinois. It exempts certain business enterprises from gas and electricity taxes. Specifically, it excludes from the definition of "gross receipts" consideration received from business enterprises certified under the Public Utilities Act. Additionally, it exempts gas used by these enterprises from taxation. The bill also modifies the electricity tax to exclude certain business enterprises certified under the Public Utilities Act.
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