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$10.6M Zeller price tag approved on sale to Illinois Central College

[SEPT. 7, 2004]  SPRINGFIELD -- Gov. Rod Blagojevich signed the following bills on Friday, Sept. 3:

House Bill 714

Concerning: Vehicles

Description: Closes a loophole that allowed SUVs for personal use to qualify for the sales tax exemption intended only for commercial trucks. Lowers the commercial distribution fee to 21.5 percent, which translates into a reduction from $1,000 on the biggest trucks to $600 beginning in the spring of 2005 and to $400 in the spring of 2006. Eliminates a $20 million income tax credit to trucking companies. Allows truckers to choose to measure their travel by mileage or the number of trips and reinstates the provision that allows the intrastate leg of an interstate trip to count toward the mileage-trip requirement for truckers hauling goods that eventually travel interstate.

Action: Approved

Effective: Jan. 1, 2005

 

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House Bill 1959

Concerning: Property

Description: Authorizes the state to sell the Zeller Mental Health Center to Illinois Central College at a value not less than the 2002 appraised value of $10.6 million as determined by an independent appraiser selected by Central Management Services, with allowance for customary adjustments of real estate transactions of this type. Establishes the Mental Health Transportation Fund and stipulates that the first $1.2 million received from the sale of the property be deposited into this fund.

Action: Approved

Effective: Immediately

[News release from the governor's office]

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