IL HB2932 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

ESTATE TX-REFUND PAYMENT

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-02-28HouseAssigned to Executive Committee
2011-02-23HouseReferred to Rules Committee
2011-02-23HouseFirst Reading
2011-02-22HouseFiled with the Clerk by Rep. Susana A. Mendoza

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3540514Amended CodeCitation Text
354057Amended CodeCitation Text

Illinois State Sources


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