The bill amends the General Sales Tax Act of 1933 by modifying section 4n, which pertains to the sales tax exemption for residential use of electricity, natural or artificial gas, and home heating fuels. The amendment clarifies that these sales are exempt from the sales tax, specifically removing references to an additional 2% sales tax rate that was approved by voters in 1994.

Additionally, the bill eliminates the previous requirements for taxpayers regarding the proration of usage based on customer numbers and specific dates related to the additional tax rate. Instead, it establishes a straightforward exemption from the sales tax for the specified utilities, simplifying the tax application process for both taxpayers and consumers.

Statutes affected:
House Introduced Bill: 205.54