Tax Expenditure Detail Report
Fiscal Year: 1997
Agency Number: 492 Agency Name: Revenue
Tax Receipt Number: 1 Tax Receipt Name: Sales and Use Tax
Citation: 35 ILCS 105 et seq.
Year Enacted: 1933
Year Effective: 1934
ANNUAL RECEIPTS (In Thousands)
Prior Fiscal Year: 5,091,571
Current Fiscal Year: 5,295,943
Next Fiscal Year: 5,540,982
Description: The general tax rate is 6.25%; with 5% allocated to the State and the remaining 1.25% allocated to
various units of local governments. Food (grocery), drugs, and medical appliances are taxed at 1% and
allocated to local governments. Additional local taxes may apply.
Tax Expenditure: Building Materials within Enterprise Zone Exemption
Description: Sales of building materials by a retailer to be incorporated by remodeling, rehabilitation, or new
construction into real estate which is located in an enterprise zone; provided the retailer's place of
business is located within the county or municipality which has established the enterprise zone are
Methodology: Returns for a cross section of all types of businesses were used to calculate average amounts of
reported deductions against reported gross receipts. These averages were then used to calculate
estimated deductions against total gross receipts. Estimated sales for CY96 are $209 million. At 5%,
the State loss equals $10,450,000.
Assessment: Not reported.
ESTIMATED COST (In Thousands)
Fund Number Fund Name Fiscal Year
Tax Expenditure Component: Building Materials within Enterprise Zone Exemption
Citation: 35 ILCS 105/12, 110/12, 115/12,
Year Enacted: 1982 Year Effective: 1982
0001 General Revenue Fund 7,806 7,806
0005 General Revenue - Common School Special Account Fund 2,602 2,602
0515 Local Government Distributive Fund 42 42