Bill Status of SB3282  103rd General Assembly

Short Description:  ROTA-PURCHASE REVIEW

Senate Sponsors
Sen. Sara Feigenholtz

House Sponsors
(Rep. Joe C. Sosnowski, Martin McLaughlin, Paul Jacobs and Brandun Schweizer)

Last Action
DateChamber Action
  5/21/2024SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024

Statutes Amended In Order of Appearance
35 ILCS 120/2-10.5


Synopsis As Introduced
Amends the Retailers' Occupation Tax Act. Requires each holder of a Direct Pay Permit to review its purchase activity by January 31 and July 31 of each year to verify that the purchases made in the preceding 6-month period were sourced correctly and the correct tax rate was applied. Sets forth penalties for failure to comply with the reporting requirements. Effective immediately.

House Floor Amendment No. 2
Replaces everything after the enacting clause. Amends the Retailers' Occupation Tax Act. Provides that, by March 31 of each 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 the 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.

Actions 
DateChamber Action
  2/7/2024SenateFiled with Secretary by Sen. Sara Feigenholtz
  2/7/2024SenateFirst Reading
  2/7/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Revenue
  3/7/2024SenateDo Pass Revenue; 009-000-000
  3/7/2024SenatePlaced on Calendar Order of 2nd Reading March 12, 2024
  3/14/2024SenateSecond Reading
  3/14/2024SenatePlaced on Calendar Order of 3rd Reading March 20, 2024
  4/10/2024SenateThird Reading - Passed; 059-000-000
  4/10/2024HouseArrived in House
  4/12/2024HouseChief House Sponsor Rep. Joe C. Sosnowski
  4/12/2024HouseFirst Reading
  4/12/2024HouseReferred to Rules Committee
  4/24/2024HouseAssigned to Revenue & Finance Committee
  5/1/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski
  5/1/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/2/2024HouseDo Pass / Short Debate Revenue & Finance Committee; 018-000-000
  5/2/2024HouseHouse Committee Amendment No. 1 Tabled
  5/2/2024HousePlaced on Calendar 2nd Reading - Short Debate
  5/6/2024HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Joe C. Sosnowski
  5/6/2024HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  5/13/2024HouseHouse Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee
  5/16/2024HouseHouse Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 019-000-000
  5/16/2024HouseSecond Reading - Short Debate
  5/16/2024HouseHeld on Calendar Order of Second Reading - Short Debate
  5/17/2024HouseThird Reading/Final Action Deadline Extended-9(b) May 24, 2024
  5/21/2024HouseHouse Floor Amendment No. 2 Adopted
  5/21/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/21/2024HouseThird Reading - Short Debate - Passed 113-000-000
  5/21/2024HouseAdded Alternate Co-Sponsor Rep. Martin McLaughlin
  5/21/2024HouseAdded Alternate Co-Sponsor Rep. Paul Jacobs
  5/21/2024HouseAdded Alternate Co-Sponsor Rep. Brandun Schweizer
  5/21/2024SenateSecretary's Desk - Concurrence House Amendment(s) 2
  5/21/2024SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024