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
Full Text Bill Summary