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| | 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 |
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Amends the Retailers' Occupation Tax Act. Makes a technical change in a
Section concerning the bonding requirement.
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| | A BILL FOR |
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| | HB1518 | | LRB102 03534 HLH 13547 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Retailers' Occupation Tax Act is amended by |
| 5 | | changing Section 2i as follows:
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| 6 | | (35 ILCS 120/2i) (from Ch. 120, par. 441i)
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| 7 | | Sec. 2i.
Notwithstanding any other provision to the
the |
| 8 | | contrary, any person
who is required to file a bond pursuant to |
| 9 | | any provision of this Act and
who has continuously complied |
| 10 | | with all provisions of this Act for 24 or
more consecutive |
| 11 | | months, shall no longer be required to comply with the
bonding |
| 12 | | provisions of this Act so long as such person continues his |
| 13 | | compliance
with the provisions of this Act. |
| 14 | | (Source: P.A. 84-1408.)
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