Illinois Compiled Statutes 625 ILCS 5/18c-1502 – Gross Receipts Taxes For Motor Carriers of Passengers and Rail …
Current as of: 2024 | Check for updates
|
Other versions
Gross Receipts Taxes For Motor Carriers of Passengers and Rail Carriers. Each motor carrier of passengers and rail carrier shall pay to the Commission, in accordance with Sections 2-202, 3-120 and 3-121 of “The Public Utilities Act”, as amended, a gross receipts tax in the amount provided herein.
The amount of the tax for motor carriers of passengers shall be prescribed by the Commission by rulemaking in accordance with provisions of The Illinois Administrative Procedure Act, and shall not exceed 0.1% of the carrier’s gross Illinois intrastate revenues for each calendar year.
The amount of the tax for rail carriers shall be 0.15% of the carrier’s gross Illinois intrastate revenues for each calendar year.
The amount of the tax for motor carriers of passengers shall be prescribed by the Commission by rulemaking in accordance with provisions of The Illinois Administrative Procedure Act, and shall not exceed 0.1% of the carrier’s gross Illinois intrastate revenues for each calendar year.
Terms Used In Illinois Compiled Statutes 625 ILCS 5/18c-1502
- Carrier: means any motor carrier or rail carrier other than a private carrier. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
- Commission: means the Illinois Commerce Commission. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
- Rail carrier: means any person engaged in the transportation of property or passengers for hire by railroad, together with all employees or agents of such person or entity, and all property used, controlled, or owned by such person or entity. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
The amount of the tax for rail carriers shall be 0.15% of the carrier’s gross Illinois intrastate revenues for each calendar year.