Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the rate of tax on clothing with a selling price of less than $100 shall be 1.25% (currently, 6.25%). Makes changes concerning the distribution of proceeds from the taxes imposed on those sales to provide that 100% of the proceeds are deposited into certain local government funds.

Statutes affected:
Introduced: 35 ILCS 105/3, 35 ILCS 105/9, 35 ILCS 110/3, 35 ILCS 110/9, 35 ILCS 115/3, 35 ILCS 115/9, 35 ILCS 120/2, 35 ILCS 120/3