102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1518

 

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

 

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.


LRB102 03534 HLH 13547 b

 

 

A BILL FOR

 

HB1518LRB102 03534 HLH 13547 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Retailers' Occupation Tax Act is amended by
5changing Section 2i as follows:
 
6    (35 ILCS 120/2i)  (from Ch. 120, par. 441i)
7    Sec. 2i. Notwithstanding any other provision to the the
8contrary, any person who is required to file a bond pursuant to
9any provision of this Act and who has continuously complied
10with all provisions of this Act for 24 or more consecutive
11months, shall no longer be required to comply with the bonding
12provisions of this Act so long as such person continues his
13compliance with the provisions of this Act.
14(Source: P.A. 84-1408.)