Illinois House Bill 5792 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for the deferral of tax payments due under the Acts for businesses that meet both of the following criteria: (i) the business had an adjusted gross income of less than $3,000,000 in a taxable year beginning in calendar year 2019 and (ii) its monthly revenue in calendar year 2020 is more than 15% lower than its average monthly revenue in calendar year 2019. Sets forth the deferral period. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

USE/OCC TAX-DEFERRAL

Rep. Ann Williams [D]

Date	Chamber	Action
2020-05-22	House	Referred to Rules Committee
2020-05-22	House	First Reading
2020-05-22	House	Filed with the Clerk by Rep. Ann M. Williams

Chapter	Article	Section	Citation Type	Statute Text
35	105	9	Amended Code	Citation Text
35	110	9	Amended Code	Citation Text
35	115	9	Amended Code	Citation Text
35	120	3	Amended Code	Citation Text
5	100	5-45.1	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5792&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5792.htm