SB2327 98TH GENERAL ASSEMBLY

LRB098 04073 HLH 34096 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB2327

Introduced 2/15/2013, by Sen. Toi W. Hutchinson

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.)