Sen. Toi W. Hutchinson

Filed: 4/13/2016

 

 


 

 


 
09900SB2921sam002LRB099 18716 HLH 47241 a

1
AMENDMENT TO SENATE BILL 2921

2    AMENDMENT NO. ______. Amend Senate Bill 2921, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
41, by replacing everything from line 26 on page 10 through line
523 on page 11 with the following:
6"liability resulting from the audit or investigation. The
7changes made by this amendatory Act of the 99th General
8Assembly do not apply for the purposes of determining the
9amount of penalty assessed under this subsection prior to the
10effective date of this amendatory Act of the 99th General
11Assembly. the entire amount due is paid not later than 30 days
12after the Department has provided the taxpayer with an amended
13return (following completion of an occupation, use, or excise
14tax audit) or a form for waiver of restrictions on assessment
15(following completion of an income tax audit); provided further
16that the reduction to 15% shall be rescinded if the taxpayer
17makes any claim for refund or credit of the tax, penalties, or
18interest determined to be due upon audit, except in the case of

 

 

09900SB2921sam002- 2 -LRB099 18716 HLH 47241 a

1a claim filed pursuant to subsection (b) of Section 506 of the
2Illinois Income Tax Act or to claim a carryover of a loss or
3credit, the availability of which was not determined in the
4audit. For purposes of this paragraph (2), any overpayment
5reported on an original return that has been allowed as a
6refund or credit to the taxpayer shall be deemed to have not
7been paid on or before the due date for payment and any amount
8paid under protest pursuant to the provisions of the State
9Officers and Employees Money Disposition Act shall be deemed to
10have been paid after the Department has initiated an audit.
11and".