IL SB2260 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-16 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-16 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Uniform Penalty and Interest Act. Provides that the penalty for failure to pay the tax shown due or required to be shown due on a return shall be 15% (instead of 20%) of any amount that is paid after the date the Department of Revenue has initiated an audit or investigation of the taxpayer. Provides that the penalty shall be abated if the taxpayer paid to the Department at least 95% of the total tax liability (including any additional liability resulting from the audit or investigation) prior to the initiation of the audit or investigation. Effective January 1, 2022.
Title
UPIA-FAILURE TO FILE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-04-16 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2021-03-23 | Senate | Assigned to Revenue |
2021-02-26 | Senate | Referred to Assignments |
2021-02-26 | Senate | First Reading |
2021-02-26 | Senate | Filed with Secretary by Sen. Craig Wilcox |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 735 | 3-3 | Amended Code | Citation Text |
35 | 735 | 3-9 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2260&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/SB/10200SB2260.htm |