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91_HB3240
LRB9111372SMdv
1 AN ACT to amend the Uniform Penalty and Interest Act by
2 changing Section 3-11.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Uniform Penalty and Interest Act is
6 amended by changing Section 3-11 as follows:
7 (35 ILCS 735/3-11)
8 Sec. 3-11. Department and Taxpayer Study.
9 (a) Beginning 3 years after the effective date of this
10 amendatory Act of 1995, the Illinois Department of Revenue
11 shall conduct a study of the effectiveness of Section 3-3 of
12 this Act as a means of ensuring timely filing of returns and
13 payment of tax. This study shall include an examination of
14 the effect of the imposition of the Section 3-3(a) late
15 filing or non-filing penalty on the filing of returns
16 required by Section 704 of the Illinois Income Tax Act. The
17 study shall also include an examination of the level of
18 compliance with estimated income tax payment requirements of
19 Section 803 of the Illinois Income Tax Act, prior to and
20 subsequent to the incorporation of the late payment penalty
21 of Section 3-3(b) of this Act into Section 804 of the
22 Illinois Income Tax Act.
23 (b) The Department shall seek the advice and
24 participation of interested taxpayers in this study. The
25 Department shall report the results of the study to the
26 Illinois General Assembly no later than 4 years after the
27 effective date of this amendatory Act of 1995. The study
28 shall contain the Department's conclusions and
29 recommendations, along with the conclusions and
30 recommendations of participating taxpayers should those
31 conclusions and recommendations differ from those of the
-2- LRB9111372SMdv
1 Department.
2 (Source: P.A. 89-379, eff. 8-18-95.)