IL SB3014

Amends the Consumer Fraud and Deceptive Business Practices Act by adding a new exemption for overcollection of taxes.

Exempts persons from fraud liability when overcollected taxes are remitted to a government entity or agency, including through payment, transfer, or tax credits and offsets.

Defines "remitted" to include any amount of commission or discount taken by or allowed to a tax collector or taxpayer when submitting overcollected taxes.

Provides that this tax exemption applies in addition to any other existing defenses under the Consumer Fraud and Deceptive Business Practices Act.