Senate Bill 2790 Amendment Summary

• Reduces tax rates from 3.426% to 3.36% across multiple provisions in the bill affecting use tax, occupation tax, and service tax collections.

• Increases certain percentage allocations from 36% to 37.2% and from 7.2% to 7.44%, and from 28.8% to 29.76% in related tax distribution sections.

• Directs the Department to pay 19% of motor fuel and gasohol tax proceeds monthly into the Distressed Roads and Bridges Fund beginning February 1, 2015, with an annual cap of $100,000,000.

• Applies the Distressed Roads and Bridges Fund payment requirement across multiple tax acts: Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.