Bill Status of HB 5792   101st General Assembly

Short Description:  USE/OCC TAX-DEFERRAL

House Sponsors
Rep. Ann M. Williams

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 100/5-45.1 new
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for the deferral of tax payments due under the Acts for businesses that meet both of the following criteria: (i) the business had an adjusted gross income of less than $3,000,000 in a taxable year beginning in calendar year 2019 and (ii) its monthly revenue in calendar year 2020 is more than 15% lower than its average monthly revenue in calendar year 2019. Sets forth the deferral period. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Actions 
DateChamber Action
  5/22/2020HouseFiled with the Clerk by Rep. Ann M. Williams
  5/22/2020HouseFirst Reading
  5/22/2020HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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