Illinois House Bill 3937 – Motor Fuel-Rate Reduction


Bill No.:
HB 3937
Bill Location:
IllinoisAssembly / House
Bill Title:

Motor Fuel-Rate Reduction

Full Bill Text ›
NMA Recommendation:
Support

House Bill 3937 was introduced on October 28, 2019 and referred to the House Rules Commitee.

It is rare to come across legislation that proposes to reduce taxes based on the economic climate. The NMA supports HB 3937, which would amend the Motor Fuel Tax Law, providing that, if the seasonally adjusted unemployment rate in Illinois is more than 8% for a period of 3 consecutive calendar months, then the tax rates under the Act shall be reduced to the tax rates that were in effect prior to the increase under Public Act 101-32, until such time as the Department of Employment Security notifies the Department of Revenue in writing that the seasonally adjusted unemployment rate in Illinois has been 8% or less for a period of 3 consecutive calendar months.

 


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