Bill Status of SB 1224   99th General Assembly


Short Description:  ROTA-BAD DEBT

Senate Sponsors
Sen. Daniel Biss

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 105/19from Ch. 120, par. 439.19
35 ILCS 115/12from Ch. 120, par. 439.112
35 ILCS 120/6d new
55 ILCS 5/5-1006from Ch. 34, par. 5-1006
55 ILCS 5/5-1006.5
55 ILCS 5/5-1006.7
65 ILCS 5/8-11-1from Ch. 24, par. 8-11-1
65 ILCS 5/8-11-1.3from Ch. 24, par. 8-11-1.3
65 ILCS 5/8-11-1.6
70 ILCS 750/25
70 ILCS 1605/30
70 ILCS 3610/5.01from Ch. 111 2/3, par. 355.01
70 ILCS 3615/4.03from Ch. 111 2/3, par. 704.03
70 ILCS 3720/4from Ch. 111 2/3, par. 254

Synopsis As Introduced
Amends the Retailers' Occupation Tax Act. Provides that a retailer is relieved from liability for any tax that becomes due and payable if the tax is represented by amounts that are found to be worthless or uncollectible, have been charged off in accordance with generally accepted accounting principles, and will be claimed as a deduction pursuant to Section 166 of the Internal Revenue Code. Provides for a deduction if the retailer had previously paid such a tax. Contains provisions concerning the payment of taxes on purchases made through a private-label credit card. Effective immediately.

Actions 
DateChamber Action
  2/11/2015SenateFiled with Secretary by Sen. Daniel Biss
  2/11/2015SenateFirst Reading
  2/11/2015SenateReferred to Assignments
  2/25/2015SenateAssigned to Revenue
  3/5/2015SenateTo Subcommittee on Special Issues (RV)
  3/26/2015SenatePostponed - Revenue Subcommittee on Special Issues
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2017SenateSession Sine Die

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