Full Text of SB3917 102nd General Assembly
SB3917sam001 102ND GENERAL ASSEMBLY | Sen. Suzy Glowiak Hilton Filed: 2/24/2022
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| 1 | | AMENDMENT TO SENATE BILL 3917
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3917 on page 18, | 3 | | line 15, by replacing "2026" with "2025"; and
| 4 | | on page 20, line 13, by replacing "2026" with "2025"; and | 5 | | on page 21, line 13, by replacing "2026" with "2025"; and | 6 | | on page 41, by replacing lines 8 and 9 with the following: | 7 | | " (a) For tax years beginning on or after January 1, 2025, a | 8 | | taxpayer who has entered into an agreement under the "; and | 9 | | on page 44, by replacing lines 13 and 14 with the following: | 10 | | " (a) For tax years beginning on or after January 1, 2025, | 11 | | a "; and | 12 | | by replacing everything from line 21 on page 44 through line 3 | 13 | | on page 45 with the following: |
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| 1 | | " Opportunity (MICRO) Act. If the taxpayer is a partnership or | 2 | | a Subchapter S corporation, the credit shall be allowed to the | 3 | | partners or shareholders in accordance with the determination | 4 | | of income and distributive share of income under Sections 702 | 5 | | and 704 and subchapter S of the Internal Revenue Code. The | 6 | | credit shall be "; and | 7 | | on page 54, line 2, by replacing " 2025 " with " 2024 "; and | 8 | | on page 59, immediately below line 14, by inserting the | 9 | | following: | 10 | | "Section 907. The Use Tax Act is amended by changing | 11 | | Section 12 as follows:
| 12 | | (35 ILCS 105/12) (from Ch. 120, par. 439.12)
| 13 | | Sec. 12. Applicability of Retailers' Occupation Tax Act | 14 | | and Uniform Penalty
and Interest Act. All of the provisions of | 15 | | Sections 1d, 1e, 1f, 1i, 1j,
1j.1, 1k,
1m,
1n, 1o, 2-6, 2-12, | 16 | | 2-54, 2a, 2b, 2c, 3, 4 (except that the time limitation | 17 | | provisions
shall run
from the date when the tax is due rather | 18 | | than from the date when gross
receipts are received), 5 | 19 | | (except that the time limitation provisions on
the issuance of | 20 | | notices of tax liability shall run from the date when the
tax | 21 | | is due rather than from the date when gross receipts are | 22 | | received and
except that in the case of a failure to file a |
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| 1 | | return required by this Act, no
notice of tax liability shall | 2 | | be issued on and after each July 1 and January 1
covering tax | 3 | | due with that return during any month or period more than 6 | 4 | | years
before that July 1 or January 1, respectively), 5a,
5b, | 5 | | 5c, 5d, 5e, 5f, 5g, 5h, 5j, 5k, 5l, 5n, 7, 8, 9, 10, 11 and 12 | 6 | | of
the Retailers' Occupation Tax Act and Section 3-7 of the | 7 | | Uniform
Penalty and Interest Act, which are not inconsistent | 8 | | with this Act,
shall apply, as far as practicable, to the | 9 | | subject matter of this Act to
the same extent as if such | 10 | | provisions were included herein.
| 11 | | (Source: P.A. 98-1098, eff. 8-26-14.)
| 12 | | Section 908. The Service Use Tax Act is amended by | 13 | | changing Section 12 as follows:
| 14 | | (35 ILCS 110/12) (from Ch. 120, par. 439.42)
| 15 | | Sec. 12. Applicability of Retailers' Occupation Tax Act | 16 | | and Uniform
Penalty and Interest Act. All of the provisions of | 17 | | Sections 1d, 1e, 1f, 1i,
1j, 1j.1, 1k, 1m,
1n, 1o, 2-6, 2-12, | 18 | | 2-54, 2a, 2b, 2c, 3 (except as to the disposition by the | 19 | | Department
of the
money collected under this Act), 4 (except | 20 | | that the time limitation
provisions shall run from the date | 21 | | when gross receipts are received), 5
(except that the time | 22 | | limitation provisions on the issuance of notices of
tax | 23 | | liability shall run from the date when the tax is due rather | 24 | | than from
the date when gross receipts are received and except |
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| 1 | | that in the case of a
failure to file a return required by this | 2 | | Act, no notice of tax liability shall
be issued on and after | 3 | | July 1 and January 1 covering tax due with that return
during | 4 | | any month or period more than 6 years before that July 1 or | 5 | | January
1, respectively), 5a, 5b, 5c, 5d, 5e, 5f, 5g,
5j, 5k, | 6 | | 5l, 5n, 6d, 7, 8, 9, 10, 11 and 12 of the Retailers' Occupation | 7 | | Tax Act which
are not inconsistent with this Act, and Section | 8 | | 3-7 of the Uniform
Penalty and Interest Act, shall apply, as | 9 | | far as practicable, to
the subject matter of this Act to the | 10 | | same extent as if such provisions
were included herein.
| 11 | | (Source: P.A. 98-1098, eff. 8-26-14; 99-217, eff. 7-31-15.)
| 12 | | Section 909. The Service Occupation Tax Act is amended by | 13 | | changing Section 12 as follows:
| 14 | | (35 ILCS 115/12) (from Ch. 120, par. 439.112)
| 15 | | Sec. 12. All of the provisions of Sections 1d, 1e, 1f, 1i, | 16 | | 1j, 1j.1, 1k,
1m,
1n, 1o, 2-6, 2-12, 2-54, 2a, 2b, 2c, 3 | 17 | | (except as to the disposition by the Department
of the
tax | 18 | | collected under this Act), 4 (except that the time limitation
| 19 | | provisions shall run from the date when the tax is due rather | 20 | | than from the
date when gross receipts are received), 5 | 21 | | (except that the time limitation
provisions on the issuance of | 22 | | notices of tax liability shall run from the
date when the tax | 23 | | is due rather than from the date when gross receipts are
| 24 | | received), 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5j, 5k, 5l, 5n, 6d, 7, |
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| 1 | | 8, 9, 10, 11 and
12 of the "Retailers' Occupation Tax Act" | 2 | | which are not inconsistent with this
Act, and Section 3-7 of | 3 | | the Uniform Penalty and Interest Act shall
apply, as far as | 4 | | practicable, to the subject matter of this Act
to the same | 5 | | extent as if such provisions were included herein.
| 6 | | (Source: P.A. 98-1098, eff. 8-26-14; 99-217, eff. 7-31-15.)".
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