Bill Status of HB 4981   99th General Assembly

Short Description:  PROMPT PAYMENT-INTEREST

House Sponsors
Rep. David Harris-Elaine Nekritz

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 540/3-2

Synopsis As Introduced
Amends the State Prompt Payment Act. Provides that, for bills paid on or after the effective date, the interest penalty shall be 0.75% per month (currently, 1% per month). Effective immediately.

Actions 
DateChamber Action
  2/5/2016HouseFiled with the Clerk by Rep. David Harris
  2/8/2016HouseFirst Reading
  2/8/2016HouseReferred to Rules Committee
  3/3/2016HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
  3/23/2016HouseAssigned to Revenue & Finance Committee
  3/29/2016HouseTo Finance Subcommittee
  4/4/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. David Harris
  4/4/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/5/2016HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/8/2016HouseRule 19(a) / Re-referred to Rules Committee
  4/8/2016HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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