Illinois Compiled Statutes 35 Revenue: Article 2 - Illinois Hydraulic Fracturing Tax Act

• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-5
  Short title. This Act may be cited as the "Illinois Hydraulic Fracturing Tax Act". (Source: P.A. 98-22, eff. 6-17-13.)
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-10
  Definitions. For the purposes of this Act, unless the context otherwise requires: "Barrel" for oil measurement means a barrel of 42 U.S. gallons of 231...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-15
  Tax imposed. (a) For oil and gas removed on or after July 1, 2013, there is hereby imposed a tax upon the severance and production...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-17
  Local Workforce Tax Rate Reduction. (a) The rate of tax imposed on working interest owners of a well under Section 2-15 of this Act shall...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-20
  Taxable value; method of determining. The Department may determine the value of products severed from a production unit when the operator and purchaser are affiliated...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-25
  Withholding of tax. Any purchaser who makes a monetary payment to a producer for his or her portion of the value of products from a...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-30
  Payment and collection of tax. (a) For oil and gas removed on or after July 1, 2013, the tax incurred under this Act shall be...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-35
  Registration of purchasers. A person who engages in business as a purchaser of oil or gas in this State shall register with the Department. Application...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-40
  Inspection of records by the Department; subpoena power, contempt. The Department shall have the power to require any operator, producer, transporter, or person purchasing any...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-45
  Purchaser's return and tax remittance. Each purchaser shall make a return to the Department showing the quantity of oil or gas purchased during the month...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-50
  Operator returns; payment of tax. (a) If, on or after July 1, 2013, oil or gas is transported off the production unit where severed by...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-55
  Tax withholding and remittance when title to minerals disputed. When the title to any oil or gas severed from the earth or water is in...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-60
  Transporters. When requested by the Department, all transporters of oil or gas out of, within or across the State of Illinois shall be required to...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-65
  Rulemaking. The Department is hereby authorized to adopt any rules as may be necessary to administer and enforce the provisions of this Act. (Source: P.A....
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-70
  Incorporation by reference. All of the provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5j, 6, 6a, 6b, 6c, 7, 8,...
• Illinois Hydraulic Fracturing Tax Act. - 35 ILCS 450, Section 2-75
  Distribution of proceeds. All moneys received by the Department under this Act shall be paid into the General Revenue Fund in the State treasury. (Source:...

Last modified: February 18, 2015