Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/803

from Ch. 120, par. 8-803

35 ILCS 5/804

from Ch. 120, par. 8-804

Synopsis As Introduced
Amends the Illinois Income Tax Act. In a Section concerning estimated taxes, provides that, if (i) the taxpayer is owed a refund from the State based upon an income tax overpayment by the taxpayer, (ii) the taxpayer previously filed with the Department a valid amended Illinois income tax return claiming a refund for the overpayment, (iii) at least 30 days have elapsed between the date the taxpayer filed the amended return and the date the estimated tax installment is due, and (iv) the tax refund due to the taxpayer is larger than the estimated tax installment due, then the taxpayer may elect to reduce the amount of any unpaid refund owed to the taxpayer by the amount of the estimated tax due. Provides that the election must be approved by the Department and must be made in the form and manner prescribed by the Department. Exempts the offset amounts from certain penalty provisions. Effective immediately.

Actions 

Date	Chamber	Action
12/28/2010	House	Prefiled with Clerk by Rep. Jim Sacia
1/12/2011	House	First Reading
1/12/2011	House	Referred to Rules Committee
2/8/2011	House	Assigned to Revenue & Finance Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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