(220 ILCS 30/10.7) (from Ch. 111 2/3, par. 410.7)
Sec. 10.7.
Penalties for underpayment; enforcement.
Each payment of the tax imposed by Section 10.3 becomes delinquent at
midnight of the date that it is due. In the event that upon the filing of
an amended return pursuant to Section 10.5 of this Act it appears that an
electric supplier has failed to pay or has underpaid the proper amount of
tax due, it shall pay a penalty to the Commission of 1% of the amount so
due for each month or fraction thereof that such amount is unpaid. The
Commission may enforce the collection of any delinquent payment, or portion
thereof by legal action or in any other manner by which the collection of
debts due the State of Illinois may be enforced under the laws of this
State.
(Source: Laws 1967, p. 659.)
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