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IL HB2122

Bill

Official Source

Status

Introduced

2/6/2019

Primary Sponsor

Marcus Evans

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Amends the Business Corporation Act of 1983 by adding Section 15.93 regarding audit and enforcement funding
  • Requires 5% of all money received by Illinois from corporate franchise tax litigation, administrative hearings, and investigations (by judgment or settlement) to be deposited into the Department of Business Services Special Operations Fund
  • Directs the Secretary of State to use these funds for expenses incurred in administering audit and enforcement duties related to corporate franchise tax collection under Articles 15 and 16 of the Act
  • Takes effect immediately upon becoming law

Legislative Description

SOS AUDIT ENFORCEMENT FUNDING

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/29/2019

Committee Referrals

Rules3/29/2019
Sales, Amusement & Other Taxes2/28/2019
Revenue & Finance2/19/2019
Rules2/6/2019

Full Bill Text

No bill text available