SB1555 Summary

• Exempts sales of motor fuel from Illinois state sales and use taxes beginning January 1, 2020, as defined in Section 1.1 of the Motor Fuel Tax Law.

• Applies the motor fuel exemption across four tax acts: Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.

• Also exempts gasohol, majority blended ethanol fuel, and biodiesel blends that qualify as motor fuel from the same four tax acts, effective January 1, 2020.

• Becomes effective immediately upon passage.