Electricity Infrastructure Maintenance Fee (7576)
|Municipal Code Reference:||3-54|
|CAPS Code Reference:||1002920051400|
|Tax Return Form Code:||Form 7576|
|Procedure:||The Electricity IMF is imposed on electricity deliverers as compensation for using public rights of way in the City of Chicago.|
|Tax Base:||Calculated on a monthly basis:
|Exemptions, Deductions and Credits:||Electricity distributed to the City of Chicago is exempt from the Electricity IMF. Sales for resale are exempt from the fee. No exemption shall apply to delivering electricity to a person who owns and/or controls a building and that person furnishes electricity to the building occupants. In that situation, the provider is required to collect the fee from the reseller and remit it to the Department.
Distributors of electricity are allowed credit for any portion of the fee related to deliveries the charges of which are written off as uncollectible. However, if such charges are after that collected, the delivering supplier shall be obligated to pay such fee.
|Rulings and Procedures:||August 1998 Bulletin: Electricity Use Tax & Infrastructure Maintenance Fee|