SB3321 Summary

• Amends Section 2-10 of the Retailers' Occupation Tax Act to make a technical grammatical change removing a duplicate word in the tax rate provision.

• Changes the sunset date for reduced tax treatment of gasohol from December 31, 2013 to December 31, 2018, extending the 80% tax application period for gasohol sales.

• Changes the sunset date for majority blended ethanol fuel tax exemption from December 31, 2013 to December 31, 2018, extending the period during which tax does not apply.

• Changes the sunset date for biodiesel blend tax treatment from December 31, 2013 to December 31, 2018, extending the 80% tax application period for biodiesel blends containing 1-10% biodiesel and the tax exemption period for higher concentration biodiesel products.