<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 2932   </title>
<shortdesc>ESTATE TX-REFUND PAYMENT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Susana A. Mendoza</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/7</reference><aliasreference>from Ch. 120, par. 405A-7</aliasreference><reference>35 ILCS 405/14</reference><aliasreference>from Ch. 120, par. 405A-14</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that once an application for a refund is properly filed, the State shall make a refund of no less than half of the amount owed within 12 months after receipt of the application and shall make full payment within 24 months after receipt of the application. Provides that, if payment of a refund is not issued to the payee within a 60-day period following receipt of the application, an interest penalty of 0.5% of any amount unpaid shall be added for each month until final payment is made. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Susana A. Mendoza</action>
<statusdate>2/23/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/23/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2011</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

