HB 498

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Rota-Bad Debt

Abstract

Amends the Retailers' Occupation Tax Act. Provides that a retailer is relieved from liability for any tax that becomes due and payable if the tax is represented by amounts that are found to be worthless or uncollectible, have been charged off in accordance with generally accepted accounting principles, and will be claimed as a deduction pursuant to Section 166 of the Internal Revenue Code. Provides for a deduction if the retailer had previously paid such a tax. Contains provisions concerning the payment of taxes on purchases made through a private-label credit card. Effective immediately.

Bill Sponsors (1)

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Jan 10, 2017

House

Session Sine Die

Mar 27, 2015

House

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

Feb 17, 2015

House

Assigned to Revenue & Finance Committee

Feb 06, 2015

House

Added Co-Sponsor Rep. Frances Ann Hurley

Feb 04, 2015

House

Added Co-Sponsor Rep. Arthur Turner

House

Added Co-Sponsor Rep. Ron Sandack

House

Added Co-Sponsor Rep. Ed Sullivan

House

Added Co-Sponsor Rep. Jaime M. Andrade, Jr.

House

Added Co-Sponsor Rep. Thaddeus Jones

House

Added Co-Sponsor Rep. Joe Sosnowski

House

Added Co-Sponsor Rep. Frank J. Mautino

House

Added Co-Sponsor Rep. Michael J. Zalewski

House

Added Co-Sponsor Rep. Carol Sente

House

Added Co-Sponsor Rep. Robert Rita

House

Added Co-Sponsor Rep. John Bradley

House

Added Co-Sponsor Rep. Barbara Flynn Currie

House

Added Co-Sponsor Rep. Dwight Kay

Feb 03, 2015

House

Referred to Rules Committee

House

First Reading

Jan 30, 2015

House

Filed with the Clerk by Rep. Anthony DeLuca

Bill Text

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Sources

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