USE/OCC-VENDOR DISCOUNT

mends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that the vendors discount under the Acts may no longer be claimed for returns filed on or after January 1, 2009. Provides that the Department of Revenue shall pay into the Truant Officers and Preschool Support Fund an amount equal to the amount that would have been retained by vendors as a result of the discount that was eliminated under the amendatory Act. Amends the State Finance Act to create the Truant Officers and Preschool Support Fund. Effective immediately.