This bill amends the Use Tax Act of 1937 by modifying section 4n, which pertains to the taxation of residential energy consumption. The amendment specifies that the consumption of electricity, natural gas, and home heating fuels for residential use is exempt from the use tax.

The bill removes the previous stipulation regarding an additional 2% use tax rate that was approved by voters in 1994. Instead, it clarifies that these residential energy sources will not be subject to any tax under the act, thereby providing a tax exemption for residents using these essential utilities.

Statutes affected:
Senate Introduced Bill: 205.94