HB5631 Summary

• Corrects cross-reference in Department of Revenue Law from "95-505" to "2505-505" regarding compromising debts due to the State.

• Makes technical corrections to the effective date for the definition of "food for human consumption that is to be consumed off the premises where it is sold," changing the effective date from August 1, 2009 to September 1, 2009 across multiple tax acts.

• Extends the sunset date for biodiesel and gasohol tax provisions from December 31, 2013 to December 31, 2018 in the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act.

• Allows notice of tax liability to be issued on July 1 and January 1 for returns filed more than 3 years prior to those dates, modifying previous language that limited notices to issuance within 3 years of filing.

• Increases the penalty for possession of 10-100 packages of contraband cigarettes from $10 to $20 per package under the Cigarette Tax Act, effective July 1, 2012.