IL HB5613

Amends the definition of "affixed" in the Property Tax Code to include both physically and electronically indicated methods.

Expands the definition of "Revenue Stamp" to include physical, electronic, or alternative indicia that indicates the amount of tax paid.

Adds Section 31-15(b) to allow recorders or registrars of titles to use electronic revenue stamps or alternative indicia instead of paper stamps, with electronic filing and remittance of taxes to the Department by the 10th day of the following month.

Permits the Department to eliminate electronic filing privileges for recorders or registrars who fail to file returns or fully pay taxes within 15 days of the required deadline.

Modifies the Uniform Penalty and Interest Act to apply penalty and interest provisions to the Property Tax Code only as expressly provided in Section 31-15.