HB1518 102ND GENERAL ASSEMBLY

LRB102 03534 HLH 13547 b

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.

A BILL FOR

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.)