Full Text of HB2707 94th General Assembly
HB2707ham001 94TH GENERAL ASSEMBLY
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Revenue Committee
Filed: 3/16/2005
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| AMENDMENT TO HOUSE BILL 2707
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| AMENDMENT NO. ______. Amend House Bill 2707 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The Department of Revenue Law of the
Civil | 5 |
| Administrative Code of Illinois is amended by changing Section | 6 |
| 2505-210 as follows:
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| (20 ILCS 2505/2505-210) (was 20 ILCS 2505/39c-1)
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| Sec. 2505-210. Electronic funds transfer.
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| (a) The Department may provide means by which
persons | 10 |
| having a tax liability under any Act administered by the | 11 |
| Department
may use electronic funds transfer to pay the tax | 12 |
| liability.
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| (b) Beginning on October 1, 2002, a taxpayer who has an | 14 |
| annual tax
liability of $200,000 or more shall make all | 15 |
| payments of that tax to the
Department by electronic funds | 16 |
| transfer. Before August 1 of each year,
beginning in 2002, the | 17 |
| Department shall notify all taxpayers required to make
payments | 18 |
| by electronic funds transfer. All taxpayers required to make | 19 |
| payments
by electronic funds transfer shall make those payments | 20 |
| for a minimum of one
year beginning on October 1. For purposes | 21 |
| of this subsection (b), the term
"annual tax liability" means, | 22 |
| except as provided in subsections (c) and (d) of
this Section, | 23 |
| the sum of the taxpayer's liabilities under a tax Act
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| administered by the Department,
except , through December 31, |
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| 2005, the Motor Fuel Tax Law and the
Environmental Impact Fee | 2 |
| Law,
for the immediately preceding calendar year.
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| (c) For purposes of subsection (b), the term "annual tax | 4 |
| liability" means,
for a taxpayer that incurs a tax liability | 5 |
| under the Retailers' Occupation Tax
Act, Service Occupation Tax | 6 |
| Act, Use Tax Act, Service Use Tax Act, or any other
State or | 7 |
| local occupation or use tax law that is administered by the
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| Department, the sum of the taxpayer's liabilities under the | 9 |
| Retailers'
Occupation Tax Act, Service Occupation Tax Act, Use | 10 |
| Tax Act, Service Use Tax
Act, and all other State and local | 11 |
| occupation and use tax laws administered by
the Department for | 12 |
| the immediately preceding calendar year.
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| (d) For purposes of subsection (b), the term "annual tax | 14 |
| liability" means,
for a taxpayer that incurs an Illinois income | 15 |
| tax liability, the greater of:
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| (1) the amount of the taxpayer's tax liability under | 17 |
| Article 7 of the
Illinois Income Tax Act for the | 18 |
| immediately preceding calendar year; or
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| (2) the taxpayer's estimated tax payment obligation | 20 |
| under Article 8 of the
Illinois Income Tax Act for the | 21 |
| immediately preceding calendar year.
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| (e) The Department shall adopt such rules as are necessary | 23 |
| to effectuate a
program of electronic funds transfer and the | 24 |
| requirements of this Section.
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| (Source: P.A. 91-239, eff. 1-1-00; 92-492, eff. 1-1-02.)
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| Section 99. Effective date. This Act takes effect January | 27 |
| 1, 2006.".
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