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<xml>
<title>Illinois General Assembly - Bill Status for HB 4981         </title>
<shortdesc>PROMPT PAYMENT-INTEREST</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David Harris-Elaine Nekritz</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 540/3-2</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2016</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David Harris</action>
<statusdate>2/8/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/8/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2016</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Elaine Nekritz</action>
<statusdate>3/23/2016</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/29/2016</statusdate><chamber>House</chamber><action>To Finance Subcommittee</action>
<statusdate>4/4/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. David Harris</action>
<statusdate>4/4/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>4/5/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/8/2016</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

