Illinois General Assembly - Bill Status for HB5807
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 Bill Status of HB5807  102nd General Assembly


Short Description:  USE/OCC HOLIDAY-NO PENALTY

House Sponsors
Rep. Janet Yang Rohr

Last Action
DateChamber Action
  11/16/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
5 ILCS 100/5-45.21 new
35 ILCS 105/3-6.1 new
35 ILCS 120/2-8.1 new
35 ILCS 735/3-8.1 new


Synopsis As Introduced
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, if a retailer inadvertently collects from a purchaser the entire 6.25% rate of tax on a sales tax holiday item, and if the retailer does not refund the excess tax proceeds to the purchaser, then the retailer shall remit those proceeds to the Department of Revenue in accordance with rules adopted by the Department of Revenue. Amends the Uniform Penalty and Interest Act. Provides that no penalties or interest shall be imposed under the Act for failure to pay a tax under the Use Tax Act or the Retailers' Occupation Tax Act on tangible personal property that is sold between August 5, 2022 and August 14, 2022 if (i) the failure to pay the tax was due to the taxpayer's mistaken belief that the item was a sales tax holiday item and (ii) the taxpayer made a good faith effort to comply with the requirements of the sales tax holiday. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Actions 
DateChamber Action
  9/21/2022HouseFiled with the Clerk by Rep. Janet Yang Rohr
  11/16/2022HouseFirst Reading
  11/16/2022HouseReferred to Rules Committee

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