Illinois General Assembly - Bill Status for HB2932
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 Bill Status of HB2932  97th General Assembly


Short Description:  ESTATE TX-REFUND PAYMENT

House Sponsors
Rep. Susana A. Mendoza

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 405/7from Ch. 120, par. 405A-7
35 ILCS 405/14from Ch. 120, par. 405A-14


Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that once an application for a refund is properly filed, the State shall make a refund of no less than half of the amount owed within 12 months after receipt of the application and shall make full payment within 24 months after receipt of the application. Provides that, if payment of a refund is not issued to the payee within a 60-day period following receipt of the application, an interest penalty of 0.5% of any amount unpaid shall be added for each month until final payment is made. Effective immediately.

Actions 
DateChamber Action
  2/22/2011HouseFiled with the Clerk by Rep. Susana A. Mendoza
  2/23/2011HouseFirst Reading
  2/23/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Executive Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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