97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB5874

 

Introduced 2/16/2012, by Rep. Michael J. Zalewski

 

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.


LRB097 18419 HLH 63645 b

 

 

A BILL FOR

 

HB5874LRB097 18419 HLH 63645 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.)