Bill Title: Amends the Real Estate Transfer Tax Law in the Property Tax Code. Contains provisions concerning electronic revenue stamps. Requires the recorder of deeds or registrar of titles to electronically file a return and electronically remit the tax to the Department of Revenue if the recorder or registrar uses an electronic revenue stamp or alternative indicia to indicate payment of the tax. Provides that a penalty shall be imposed upon the recorder or registrar of titles if a return is not timely filed or the tax is not fully paid. Amends the Uniform Penalty and Interest Act to make conforming changes. Effective immediately.

Sponsorship: Bipartisan Bill

Status: (Passed) 2014-08-15 - Public Act . . . . . . . . . 98-0929 [HB5613 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2014-08-18	HTML/Text	Link	View
Enrolled	2014-05-23	HTML/Text	Link	View
Engrossed	2014-04-07	HTML/Text	Link	View
Introduced	2014-02-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5613

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5613 currently on file.