2012 Illinois Compiled Statutes Chapter 35 - REVENUE Act 35 ILCS 640/ - Electricity Excise Tax Law. - 35 ILCS 640, Section 2-2 Findings and intent. Allowable Deductions. Late Payment Charge - A 1.5 percent (1 percent for government accounts) Late Payment Charge is applied to any unpaid balance after the due date. Please turn on JavaScript and try again. Dry-cleaning Solvent Tax and License Fees: Per gallon of solvent purchased chlorine-based - $10.00 ; petroleum-based - $2.00 ; green solvents - $1.75 (or $0.35 when used at a virgin facility) Annual fee varies from $1,500 to $5,000 depending on type and gallons of solvents used (Click here for specific fees) Electricity Excise Tax Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. It’s a third of-a-cent per kWh. If not, write “0.” 13 _____|____ 14 Total qualified solid waste energy tax credit you wish to apply and the total tax paid to another state for which you are taking credit. However, organizations that have an E number are liable for excise taxes, such as the Electricity Excise Tax, the Gas Revenue Tax … Illinois Compiled Statutes. Return: Additional Information for Individual Taxpayers, Electronic Transmitters/Software Developers, Additional Information for Tax Professionals, MyDec - Real Property Transfer Tax Declarations, MyLocalTax - For Local Government Officials Only, State of Illinois Coronavirus Response Site. The Illinois Department of Revenue has issued guidance to a taxpayer regarding exemptions for nonprofit organizations. Prepare the entry to record the billing of these amounts. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Article 1 - Amendatory provisions; Inseverability. This is your total Electricity Excise Tax due. Illinois Enacts Exemptions for Electricity, Gas and Water. Additional Information for Individual Taxpayers, Electronic Transmitters/Software Developers, Additional Information for Tax Professionals, MyDec - Real Property Transfer Tax Declarations, MyLocalTax - For Local Government Officials Only, State of Illinois Coronavirus Response Site, Electricity Distribution and  Invested Capital Tax, distribute, supply, furnish, or sell electricity for use or consumption (not for resale); and. 90-561, eff. Electric vehicle owners in some states are paying higher annual fees for driving zero-emissions cars than their gas-guzzling friends, according to recent analysis by Consumer Reports. Determine how much Reagan will bill these customers in total for the month of May 2019. Article 3 - Amendatory Provisions; Text Omitted. The Energy Sales Tax is collected by the merchant on all qualifying sales made within Energy Box 19019, Springfield, IL 62794-9019 Specify Worksheet A (See instructions, General Information, “Who must complete Worksheet A?”) water companies subject to taxes imposed by the Illinois Income Tax Act. IL – Special Assessment for Solar Energy Systems; Property Tax Financing Authorization: Sales Tax Exemption: IL – Sales Tax Exemption for Wind Energy Business Designated High Impact Business; State Bond Program: IL – Illinois Finance Authority Renewable Energy Project Financing; State Grant Program: IL – Public Sector Energy Efficiency Aggregation State Grant Program; IL – Public Sec Illinois has enacted legislationeffective June 1, 2014 that amends the sales and use tax treatment of electricity, natural or artificial gas and water. Note: Municipalities are excluded from the Invested Capital Taxes. View up to date information on Illinois’ Covid-19 vaccine plan and vaccination eligibility from the - 35 ILCS 640, Section 2-1 Short title. The utility collects the money (less than a penny per kWh) and forwards it to the municipality. 3. https://www2.illinois.gov/rev/research/taxinformation/excise/Pages/gas.aspx Please turn on JavaScript and try again. Taxpayers who mail their estimated payments to the department must complete Form ICT-1, Electricity Distribution and Invested Capital Tax Estimated Payment. 8-1-98.) Electricity Excise Tax Return: RPU-13-W Form RPU-13 Worksheet A and Worksheet B: RPU-13-X: Instr. Electricity Distribution Tax is imposed on persons who: 1. distribute, supply, furnish, or sell electricity for use or consumption (not for resale); and 2. are not electric cooperatives, school districts, or units of local government. Article 2 - Electricity Excise Tax Law. Electricity Excise Tax Law: Article 4: Effective Date of Specified Provisions: Article 7: Amendatory Provisions; Nonacceleration: Article 8: Effective Date: Terms Used In Illinois Compiled Statutes > 35 ILCS 640. Electronic Funds Transfer. The Illinois legislature slipped a little-known provision into House Amendment 3 of Senate Bill 690 (part of the "Leveling the Playing Field for Illinois Retail Act) that would establish a parking excise tax. 2018 Illinois Compiled Statutes Chapter 35 - REVENUE 35 ILCS 640/ - Electricity Excise Tax Law. Amended Electricity Excise Tax Return: RPU-13-A-X RPU-13-X Worksheet A and Worksheet B Electricity Excise Tax. [ Ill. Admin. One of the major components of the excise … State law caps the utility tax that cities can impose. Code tit. Mail return and payment to: Electricity Excise Tax, Illinois Department of Revenue, P.O. 2019 Illinois Compiled Statutes Chapter 35 - REVENUE 35 ILCS 640/ - Electricity Excise Tax Law. tax directly levied on certain goods by a state or federal government FY 2021-02 - Retailers’ Occupation Tax Guidance for Remote Retailers as set forth by the Leveling the Playing Field for Illinois Retail Act 9/25/2020 5:00:00 AM FY 2021-01 - Expanded Audit Fast Track Resolution (FTR) Program now available The tax is imposed on persons distributing, supplying, furnishing, or selling electricity in Illinois … 12 _____|____ 13 If you pay on a quarter-monthly basis, write the amount you paid in estimated payments. Municipal tax. Article 1 - Amendatory provisions; Inseverability Article 2 - Electricity Excise Tax Law Per the legislation, transactions involving the following are exempt from retailers’ occupation tax, use tax, service occupation tax (SOT), and service use tax (SUT): electricity delivered to customers by wire; … 2005 Illinois Code - 35 ILCS 640/ Electricity Excise Tax Law. A taxpayer with an annual liability of $20,000 or more in the preceding calendar year must remit any tax payment by This Article may be cited as the Electricity Excise Tax Law. Collection requirements for marketplace facilitators are also changing. persons engaged in the business of distributing, supplying, furnishing or selling electricity who are electric cooperatives and who are subject to the Public Utilities Revenue Tax; persons engaged in the business of distributing, supplying, furnishing, or selling natural gas who are subject to the Gas Tax; and. View up to date information on Illinois’ Covid-19 vaccine plan and vaccination eligibility from the The State of Illinois requires the City of Batavia to collect an Electric Excise Tax. Municipal Tax - Tax imposed by a local municipality that the utility is required to collect. Excise taxes are often included in the price of the product. MyTax Illinois; Definition. Article 1 - Amendatory provisions; Inseverability Invested Capital Tax - Investments in, and advances to, all corporations. State of Illinois Coronavirus Response Site. The tax rate for electronic cigarettes under the Tobacco Products Tax Act is 15% of the wholesale price of products sold or otherwise disposed of during the month. Tax Rate Database to determine the monthly rate, which is based on the kilowatt-hours (kwhs). Invested Capital Tax - Use the Invested Capital Taxes are imposed on persons engaged in the business of distributing, supplying, furnishing or selling electricity, natural gas, and water. Form ICT-4, Electricity Distribution and Invested Capital Tax Return, is due March 15 following the end of the reporting year. are not electric cooperatives, school districts, or units of local government. MyTax Illinois: REG-1-D Electricity Tax Self-Assessing Purchaser: RPU-13: Instr. Nonprofit organizations that receive an exemption identification number (E number) from the Department are exempt from state sales and use tax when purchasing tangible personal property in furtherance of their organizational purposes. Fuel and energy Excise tax management and compliance ... Beginning January 1, 2021, most remote retailers with an obligation to collect sales tax in Illinois will have to collect local tax in addition to state tax. The tax is imposed on persons distributing, supplying, furnishing, or selling electricity in Illinois for use and consumption (not for resale). The Governor's Budget address will be given at 12pm today. View using these links: It looks like your browser does not have JavaScript enabled. The Energy, Illinois sales tax is 7.25%, consisting of 6.25% Illinois state sales tax and 1.00% Energy local sales taxes.The local sales tax consists of a 1.00% county sales tax. onecle. Illinois Electricity Excise Tax Law. Illinois State Electricity Excise Tax - State tax on electricity usage. In Illinois, liquor vendors are responsible for paying a state excise tax of $8.55 per gallon, plus Federal excise taxes, for all liquor sold. consumed in a month: 0.297 cents per kilowatt-hour; (v) For the next 500,000 kilowatt-hours used or. A tax is imposed upon each electric supplier subject to the provisions of this Act equal to .08% of its gross revenue for each calendar year commencing with the calendar year beginning January 1, 1982; however, for the period July 1, 1981 through December 31, 1981 such tax is imposed upon each electric supplier's gross revenue for that period. Illinois state electricity excise tax (A); State tax (C). consumed in a month: 0.270 cents per kilowatt-hour; (vii) For the next 2,000,000 kilowatt-hours used or. Article 1 - Amendatory provisions; Inseverability Article 2 - Electricity Excise Tax Law (Source: P.A. The following sales of electricity are exempt from tax: Sales for resale ; Sales in interstate commerce The Public Utilities Act 220 ILCS 5/9-222.1, as amended and the Telecommunications Excise Tax Act 35 ILCS 630/2(a)(5), as amended allows a business enterprise that is certified by DCCA, as making an investment in a zone that either creates a minimum of 200 full-time equivalent jobs in Illinois or retains a minimum of 1,000 full-time jobs in Illinois, a 5 percent state tax exemption on gas, electricity and the Illinois Commerce Commission .1 percent administrative charge and excise taxes … Federal excise tax: A tax of $0.45 per customer plus 0.2% of billing used to fund the Federal Energy Commission Required: 1. The City of Batavia collects the tax and remits it to the State of Illinois Department of Revenue each month. Article 4 - Effective Date of Specified Provisions. Home; Business Contracts ; Laws; Incorporation; Lawyer Directory; Home; Federal and State Laws; Illinois Laws; Revenue; Illinois Compiled Statutes 35 ILCS 640 Electricity Excise Tax Law. Illinois Electricity Excise Tax Law. State excise tax: A tax of $5.00 per customer plus 3% of billing used to fund the Illinois Energy Commission b. State of Illinois Coronavirus Response Site. Do not send Form ICT-1, if you remit your payment by EFT. 86, §130.120(ccc); see also Illinois General Information Letter ST 03-0135-GIL (Aug. 21, 2003). ] Estimated Payments: Payments are due on March 15, June 15, September 15, and December 15. Additional Taxes: Under 20% – $1.39/gallon $2.68/gallon in Chicago and $2.50/gallon in Cook County The Governor's Budget address will be given at 12pm today. 2. View using these links: Electricity Distribution Tax is imposed on persons who: Electricity Distribution Tax - Use the Invested Capital Taxes are imposed on: 1. persons engaged in the business of distributing, supplying, furnishing or selling electricity who are electric cooperatives and who are subject to the Public Utilities Revenue Tax; 2. persons engaged in the business of distributing, supplying, furnishing, or sellin… ✔ Illinois' general sales tax of 6.25% also applies to the purchase of liquor. Tax Rate Database to determine tax rate for invested capital. It looks like your browser does not have JavaScript enabled. The tax is the lower of 5% of total electric charges (before taxes or franchise fees) or.0032 cents per kilowatt-hour. Illinois The sale of electricity and natural gas is not subject to sales and use tax because electricity is taxed under the Electricity Excise Tax Law and natural gas is taxed under the Gas Revenue Tax Act or the Gas Use Tax Law. 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