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File #: 16-1372    Version: Name: GASOLINE AND DIESEL FUEL TAX (Books and records, Municipality and township tax rebate, Rulemaking)
Type: Ordinance Amendment Status: Approved
File created: 1/26/2016 In control: Finance Committee
On agenda: 4/13/2016 Final action: 5/11/2016
Title: PROPOSED SUBSTITUTE TO FILE 16-1372 Sponsored by: TONI PRECKWINKLE, President, Cook County Board of Commissioners PROPOSED ORDINANCE AMENDMENT GASOLINE AND DIESEL FUEL TAX NOW THEREFORE BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74 - Taxation, Article XII. Gasoline and Diesel Fuel Tax, Sections 74-477, 74-479 and 74-482 be amended as follows: ARTICLE XII. - GASOLINE AND DIESEL FUEL TAX Sec. 74-477. - Books and records. Every gas distributor and retailer dealer as defined in this Article, shall keep accurate books and records of its beginning inventory, purchases, sales and ending inventory including original source documents and books of entry denoting the transactions that gave rise, or may have given rise, to any tax liability, exemption or deduction or defense to liability. Books and records and other papers relating to transactions which occurred during any period with respect to which the Department is authorized to issue not...
Sponsors: TONI PRECKWINKLE (President)
title
PROPOSED SUBSTITUTE TO FILE 16-1372

Sponsored by: TONI PRECKWINKLE, President, Cook County Board of Commissioners

PROPOSED ORDINANCE AMENDMENT

GASOLINE AND DIESEL FUEL TAX

NOW THEREFORE BE IT ORDAINED, by the Cook County Board of Commissioners that Chapter 74 - Taxation, Article XII. Gasoline and Diesel Fuel Tax, Sections 74-477, 74-479 and 74-482 be amended as follows:

ARTICLE XII. - GASOLINE AND DIESEL FUEL TAX

Sec. 74-477. - Books and records.

Every gas distributor and retailer dealer as defined in this Article, shall keep accurate books and records of its beginning inventory, purchases, sales and ending inventory including original source documents and books of entry denoting the transactions that gave rise, or may have given rise, to any tax liability, exemption or deduction or defense to liability. Books and records and other papers relating to transactions which occurred during any period with respect to which the Department is authorized to issue notices of tax liability as provided in Chapter 34, Article III, Uniform Penalties, Interest and Procedures Ordinance shall be preserved until the expiration of such period unless the Department, in writing, authorizes their destruction or disposal prior to such expiration. All those books and records shall be kept in the English language and, at all times during business hours, shall be subject to and available for inspection or copying by the Department.
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Sec. 74-479. - Municipality and township tax rebate.

Any municipality or township with its primary administrative office located in the County shall be entitled to a tax rebate. Such rebate shall be paid on an annual basis. Claims for such reimbursement must be made within six months from the end of each calendar year, upon forms prescribed by the Department, and shall only address purchases made in the previous calendar year. The Department shall determine the proof required to substantiate the rebate by rule....

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