Bill Text: IL HB4540 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the Retailers' Occupation Tax Act. Makes a technical change in a Section concerning the bonding requirement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-27 - Referred to Rules Committee [HB4540 Detail]

Download: Illinois-2015-HB4540-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 HB4540 Introduced , by Rep. Marcus C. Evans, Jr. SYNOPSIS AS INTRODUCED:
35 ILCS 120/2i from Ch. 120, par. 441i
Amends the Retailers' Occupation Tax Act. Makes a technical change in a Section concerning the bonding requirement.
LRB099 18142 HLH 42508 b
A BILL FOR
HB4540 LRB099 18142 HLH 42508 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Retailers' Occupation Tax Act is amended by
changing Section 2i as follows:
(35 ILCS 120/2i) (from Ch. 120, par. 441i)
Sec. 2i. Notwithstanding any other provision to the the
contrary, any person who is required to file a bond pursuant to
any provision of this Act and who has continuously complied
with all provisions of this Act for 24 or more consecutive
months, shall no longer be required to comply with the bonding
provisions of this Act so long as such person continues his
compliance with the provisions of this Act.
(Source: P.A. 84-1408.)