Senate Sponsors: PETERSON-CLAYBORNE. House Sponsors: BEAUBIEN-LYONS,JOSEPH Short description: UNIFORM PENALTY & INTEREST ACT Synopsis of Bill as introduced: Amends the Uniform Penalty and Interest Act. With respect to penalties for late payment or nonpayment of admitted liability, provides that if notice and demand is made for the payment of any amount of tax due and if the amount due is paid within 30 days after the date of the notice and demand, then the penalty for late payment or nonpayment of admitted liability on the amount so paid shall not accrue for the period after the date of the notice and demand (now, penalty equals 2% of any amount that is paid no later than 30 days after the due date). Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0742 Last action date: JUL-25-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status