IL SB1767

Imposes a 0.5% tax on retailers that transport tangible personal property into Illinois by common carrier from outside the state, effective January 1, 2024.

Applies to retailers maintaining a place of business in Illinois who import goods for retail sale.

Creates the Cargo Transportation Tax Fund in the state treasury to receive all tax proceeds.

Directs the Department of Transportation to use fund moneys for road projects in areas experiencing heightened traffic from cargo transportation.

Incorporates provisions from the Retailers' Occupation Tax Act and Uniform Penalty and Interest Act for administration and enforcement.