SB3206 Summary

• Amends the Retailers' Occupation Tax Act by making a technical correction to Section 2-10 regarding the rate of tax.

• Changes duplicative language in the section describing the 6.25% base tax rate on gross receipts from sales of tangible personal property.

• The amendment removes redundant wording without altering the substantive tax rates or exemptions that apply to motor fuel, gasohol, food, medicine, and other specially taxed items.