HB6147 Summary

• Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act to establish a tiered tax rate on motor fuel and gasohol beginning July 1, 2012.

• Motor fuel and gasohol priced at up to $2.50 per gallon are taxed at 6.25%, while any portion of the price exceeding $2.50 per gallon is taxed at 1.25%.

• Extends the timeline for taxing gasohol and biodiesel blends by changing the December 31, 2013 phase-in dates to December 31, 2018 for certain ethanol and biodiesel fuel products.

• Maintains existing 1% tax rate for food for human consumption (off-premises), prescription and nonprescription medicines, and medical appliances, with detailed definitions of excluded items like candy and grooming products.

• Effective immediately upon becoming law.