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 Bill Status of SB2604  100th General Assembly


Short Description:  UPIA-FAILURE TO FILE

Senate Sponsors
Sen. Pamela J. Althoff

Hearings
Revenue Hearing Feb 21 2018 4:00PM Capitol 212 Springfield, IL


Last Action
DateChamber Action
  2/14/2018SenateAssigned to Revenue

Statutes Amended In Order of Appearance
35 ILCS 735/3-3from Ch. 120, par. 2603-3
35 ILCS 735/3-9from Ch. 120, par. 2603-9


Synopsis As Introduced
Amends the Uniform Penalty and Interest Act. Provides that the penalty for failure to pay the tax shown due or required to be shown due on a return shall be 15% (instead of 20%) of any amount that is paid after the date the Department of Revenue has initiated an audit or investigation of the taxpayer. Provides that the penalty shall be abated if the taxpayer paid to the Department at least 95% of the total tax liability (including any additional liability resulting from the audit or investigation) prior to the initiation of the audit or investigation. Effective January 1, 2019.

Actions 
DateChamber Action
  2/7/2018SenateFiled with Secretary by Sen. Pamela J. Althoff
  2/7/2018SenateFirst Reading
  2/7/2018SenateReferred to Assignments
  2/14/2018SenateAssigned to Revenue

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