91st General Assembly
Status of HB3467
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WAIT-TURNER,ART-MOORE,ANDREA AND HASSERT.

   35 ILCS 735/3-2           from Ch. 120, par. 2603-2                         
   35 ILCS 735/3-3           from Ch. 120, par. 2603-3                         
   35 ILCS 735/3-10          from Ch. 120, par. 2603-10                        

        Amends the Uniform  Penalty  and  Interest  Act.   Provides  that      
   interest  shall  accrue  upon  tax due (now upon tax and penalty due).      
   Provides that for failure to file a tax return on or  before  the  due      
   date,  a  penalty equal to 2% of the tax required to be shown due on a      
   return, up to a maximum amount of $250, reduced by  any  (rather  than      
   determined without regard to any part of the) tax that is paid on time      
   or  by  any  credit that was properly allowable on the date the return      
   was required to be filed.  Imposes a penalty of 10% of the tax due  in      
   the  situation of late payment or nonpayment of admitted liability and      
   a penalty of 20% of the tax due in a  situation  of  late  payment  or      
   nonpayment  of  additional  liability  (now  20%  in both situations).      
   Provides that a tax may not be assessed more than 6  years  after  the      
   original  due  date of each return required to have been filed, except      
   in the case of a willful failure to file (now may be assessed  at  any      
   time unless taxpayer shows reasonable cause for failure, in which case      
   it  is  not  more  than 6 years after the original due date).  Removes      
   provision exempting the Department of Revenue from the application  of      
   the  6-year  limitation  on  assessment  if  the Department notifies a      
   person that a return is required within that 6-year period.                 
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          35 ILCS 735/3-3                                                      
          35 ILCS 735/3-10                                                     
        Deletes everything.  Amends the Uniform Penalty and Interest  Act      
   to make a technical change in a Section concerning interest.                
   00-01-20  H  FIRST READING                                                  
   00-01-20  H  ADDED AS A JOINT SPONSOR                 TURNER,ART            
   00-01-20  H  ADDED AS A JOINT SPONSOR                 MOORE,ANDREA          
   00-01-20  H  ADDED AS A CO-SPONSOR                    HASSERT               
   00-01-20  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-01-26  H       ASSIGNED TO COMMITTEE               REVENUE               
   00-02-17  H                             AMENDMENT NO. 01-REVENUE       H    
   00-02-17  H                                   ADOPTED 009-000-000           
   00-02-17  H  DO PASS AMENDED/SHORT DEBATE             009-000-000   HREV    
   00-02-17  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   00-02-29  H  SECOND READING-SHORT DEBATE                                    
   00-02-29  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   00-03-01  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   00-03-03  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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