House Sponsors: KENNER-HOFFMAN-GARRETT-FRANKS-O'BRIEN. Short description: INCOME TAX-ESTIMATED-PENALTIES Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. In a Section concerning the penalty for failure to pay estimated income tax, provides that if an individual taxpayer had a tax liability of $250 or less (now, no tax liability) for the preceding taxable year, and if the taxable year was a 12-month taxable year, no penalty shall be imposed on the taxpayer. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status