SB3324 Summary

• Amends the Renewable Energy, Energy Efficiency, and Coal Resources Development Law to allow utilities and cooperatives to credit excess payments against future tax liabilities under the Act.

• Modifies the Cigarette Machine Operators' Occupation Tax Act to permit cigarette machine operators to credit excess payments against subsequent tax liabilities to the Department.

• Updates the Cigarette Tax Act and Cigarette Use Tax Act to allow distributors to credit excess stamp purchase payments against future tax obligations to the Department.

• Adds excess payment crediting provisions to the Tobacco Products Tax Act, Hotel Operators' Occupation Tax Act, Live Adult Entertainment Facility Surcharge Act, Motor Fuel Tax Law, Gas Revenue Tax Act, Public Utilities Revenue Act, Electricity Excise Tax Law, Environmental Protection Act tire tax, and Drycleaner Environmental Response Trust Fund Act.

• Adds new Section 6-8 to the Energy Assistance Act applying Retailers' Occupation Tax Act provisions to surcharges imposed under that Act.