Bill Title: 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 has initiated an audit or investigation of the taxpayer. Provides that the penalty shall be rescinded if the taxpayer paid to the Department at least 95% of the final liability resulting from an audit or investigation prior to the initiation of the audit or investigation

Sponsorship: Moderate Partisan Bill (Democrat 26-5)

Status: (Passed) 2016-12-20 - Public Act . . . . . . . . . 99-0915 [SB2921 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2016-12-20	HTML/Text	Link	View
Enrolled	2016-12-01	HTML/Text	Link	View
Engrossed	2016-04-21	HTML/Text	Link	View
Introduced	2016-02-18	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 002	2016-11-14	Proposed	HTML/Text	Link	View
House Amendment 001	2016-05-23	Proposed	HTML/Text	Link	View
Senate Amendment 002	2016-04-13	Proposed	HTML/Text	Link	View
Senate Amendment 001	2016-03-18	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2921 currently on file.