INC TAX-PENALTY FOR UNDERPYMNT House SponsorsRep. Robert S. Molaro Senate Sponsors(Sen. Emil Jones, Jr.) 1/11/2005HouseSession Sine Die 35 ILCS 5/1002from Ch. 120, par. 10-1002 Amends the Illinois Income Tax Act. Provides that the penalty imposed for underpayment of any tax due after December 31, 2003 shall be deemed assessed upon the assessment of the tax to which the penalty relates and shall be collected and paid on notice and demand in the same manner as the tax, except that, in the case of an underpayment of tax penalty that is imposed only after the expiration of the 30-day period allowed under the Uniform Penalty and Interest Act, the penalty shall be deemed assessed upon expiration of that 30-day period. Effective immediately.Fiscal Note (Department of Revenue) This bill will have no fiscal impact on the Department of Revenue or the State of Illinois. 2/28/2003HouseFiled with the Clerk by Rep. Robert S. Molaro 2/28/2003HouseFirst Reading 2/28/2003HouseReferred to Rules Committee 3/5/2003HouseAssigned to Revenue Committee 3/13/2003HouseDo Pass / Short Debate Revenue Committee; 009-000-000 3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate 3/18/2003HouseFiscal Note Filed 4/2/2003HouseSecond Reading - Short Debate 4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/3/2003HouseThird Reading - Short Debate - Passed 117-000-000 4/4/2003SenateArrive in Senate 4/4/2003SenatePlaced on Calendar Order of First Reading April 8, 2003 5/13/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr. 5/14/2003SenateFirst Reading 5/14/2003SenateReferred to Rules 1/11/2005HouseSession Sine Die