How HB 3273 changes current law

Compared against the Illinois Compiled Statutes as published AI-generated reading aid — verify against the official bill.

The bill exempts certain business enterprises from gas and electricity taxes.

• 35 ILCS 173/5-10

  The tax imposed under this Section shall not apply to gas used by business enterprises certified under Section 9-222.1 of the Public Utilities Act or Section 605-1115 of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois, as amended, to the extent of such exemption and during the period of time specified by the Department of Commerce and Economic Opportunity. → The tax imposed under this Section does not apply to gas used by any business enterprise that is properly assigned or included within one of the following Standard Industrial Classifications, as designated in the 1987 Standard Industrial Classification Manual prepared by the federal Office of Management and Budget: 10; 12; 13; 14; 21; 22; 23; 24; 25; 26; 27; 28; 29; 30; 31; 32; 33; 34; 35; 36; 37; 38; or 39.

  This change broadens the exemption from the gas tax to include various specific business enterprises based on their industrial classification.

• 35 ILCS 640/2-4

  The tax imposed by this Section 2-4 is not imposed with respect to any use of electricity by business enterprises certified under Section 9-222.1 or 9-222.1A of the Public Utilities Act, as amended, to the extent of such exemption and during the time specified by the Department of Commerce and Economic Opportunity. → The tax imposed by this Section is not imposed with respect to any use by the purchaser in the process of manufacturing or assembling tangible personal property for wholesale or for retail sale or lease.

  This change allows exemptions for electricity used in the manufacturing and assembly processes of tangible personal property, thereby reducing tax liability for those activities.

• 35 ILCS 615/1

  However, 'gross receipts' shall not include receipts from: (i) any minimum or other charge for gas or gas service where the customer has taken no therms of gas; ... (and other existing exclusions). → 'Gross receipts' shall not include consideration received from business enterprises certified under Section 9-222.1 of the Public Utilities Act, as amended, to the extent of such exemption and during the period of time specified by the Department of Commerce and Economic Opportunity.

  This clarification reinforces that certain business enterprises’ receipts are exempt from being counted as gross receipts for tax purposes.