ROTA-BAD DEBT Senate SponsorsSen. Daniel Biss 1/10/2017SenateSession Sine Die 35 ILCS 105/19from Ch. 120, par. 439.1935 ILCS 115/12from Ch. 120, par. 439.11235 ILCS 120/6d new55 ILCS 5/5-1006from Ch. 34, par. 5-100655 ILCS 5/5-1006.555 ILCS 5/5-1006.765 ILCS 5/8-11-1from Ch. 24, par. 8-11-165 ILCS 5/8-11-1.3from Ch. 24, par. 8-11-1.365 ILCS 5/8-11-1.670 ILCS 750/2570 ILCS 1605/3070 ILCS 3610/5.01from Ch. 111 2/3, par. 355.0170 ILCS 3615/4.03from Ch. 111 2/3, par. 704.0370 ILCS 3720/4from Ch. 111 2/3, par. 254Amends 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. 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