HB 5792

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Use/Occ Tax-Deferral

Abstract

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides for the deferral of tax payments due under the Acts for businesses that meet both of the following criteria: (i) the business had an adjusted gross income of less than $3,000,000 in a taxable year beginning in calendar year 2019 and (ii) its monthly revenue in calendar year 2020 is more than 15% lower than its average monthly revenue in calendar year 2019. Sets forth the deferral period. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

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May 22, 2020

House

Filed with the Clerk by Rep. Ann M. Williams

House

First Reading

House

Referred to Rules Committee

Bill Text

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