Bill Texts: IL SB3282 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Retailers' Occupation Tax Act. Provides that, by March 31 of each year, each holder of a Direct Pay Permit shall review its purchase activity for the 12-month period ending on December 31 of the immediately preceding calendar year to verify that the purchases made in that 12-month period were sourced correctly and the correct tax rate was applied. Provides that the Direct Pay Permit holder is subject to a $6,000 penalty for failure to properly verify purchase activity and correct sourcing and tax rate errors. Provides that the penalty does not apply if at least 95% of the Direct Pay Permit holder's transactions for the applicable 12-month review period are correctly sourced and the correct taxes have been remitted or the permit holder acted with ordinary business care and prudence. Effective immediately.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0966 [SB3282 Detail]
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-0966 [SB3282 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Chaptered | 2024-08-09 | HTML/Text | Link | View |
Enrolled | 2024-05-24 | HTML/Text | Link | View |
Engrossed | 2024-04-12 | HTML/Text | Link | View |
Introduced | 2024-02-07 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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House Amendment 002 | 2024-05-06 | Proposed | HTML/Text | Link | View |
House Amendment 001 | 2024-05-01 | Proposed | HTML/Text | Link | View |
Supplemental Documents
Title | Description | Date | Format | Source | View |
---|---|---|---|---|---|
No supplemental documents for Illinois SB3282 currently on file. |