SB2056 Summary

• Reduces sales tax rate from 6.25% to 1% on internal (female) and male condoms, incontinence products, diapers, and baby wipes under the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.

• Net revenue from the 1% tax on these products shall be deposited into the State and Local Sales Tax Reform Fund.

• Applies conforming changes across all four tax acts to implement the reduced tax rate consistently.