Roll Call: IL SB3282 | 2023-2024 | 103rd General Assembly
For additional roll call votes on Illinois SB3282 please see the Vote List
Bill Title: Amends the Retailers' Occupation Tax Act. Provides that, by March 31 of each year, each holder of a Direct Pay Permit shall review its purchase activity for the 12-month period ending on December 31 of the immediately preceding calendar year to verify that the purchases made in that 12-month period were sourced correctly and the correct tax rate was applied. Provides that the Direct Pay Permit holder is subject to a $6,000 penalty for failure to properly verify purchase activity and correct sourcing and tax rate errors. Provides that the penalty does not apply if at least 95% of the Direct Pay Permit holder's transactions for the applicable 12-month review period are correctly sourced and the correct taxes have been remitted or the permit holder acted with ordinary business care and prudence. Effective immediately.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Engrossed) 2024-05-23 - House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 008-000-000 [SB3282 Detail]
Text: Latest bill text (Engrossed) [HTML]
Bill Title: Amends the Retailers' Occupation Tax Act. Provides that, by March 31 of each year, each holder of a Direct Pay Permit shall review its purchase activity for the 12-month period ending on December 31 of the immediately preceding calendar year to verify that the purchases made in that 12-month period were sourced correctly and the correct tax rate was applied. Provides that the Direct Pay Permit holder is subject to a $6,000 penalty for failure to properly verify purchase activity and correct sourcing and tax rate errors. Provides that the penalty does not apply if at least 95% of the Direct Pay Permit holder's transactions for the applicable 12-month review period are correctly sourced and the correct taxes have been remitted or the permit holder acted with ordinary business care and prudence. Effective immediately.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Engrossed) 2024-05-23 - House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 008-000-000 [SB3282 Detail]
Text: Latest bill text (Engrossed) [HTML]
Vote: Third Reading in Senate
Vote | Tally | Democrat | Republican |
---|---|---|---|
Yea | 59 | 40 | 19 |
Nay | - | - | - |
Not Voting | - | - | - |
Absent | - | - | - |
TOTAL | 59 | 40 | 19 |