Bill Text: IL HB1355 | 2011-2012 | 97th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Amends the Illinois Income Tax Act and the Unemployment Insurance Act. Provides that employers with fewer than 25 employees are exempt from paying estimated taxes and may pay their unemployment insurance contributions and submit their wage and contribution reports on an annual basis (instead of quarterly). Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1355 Detail]

Download: Illinois-2011-HB1355-Amended.html

---

Rep. Karen May

Filed: 3/4/2011

09700HB1355ham002 LRB097 07051 HLH 52021 a
AMENDMENT TO HOUSE BILL 1355
AMENDMENT NO. ______. Amend House Bill 1355 by replacing
everything after the enacting clause with the following:
"Section 5. The Department of Revenue Law of the Civil
Administrative Code of Illinois is amended by adding Section
2505-755 as follows:
(20 ILCS 2505/2505-755 new)
Sec. 2505-755. Deposit of State funds. Notwithstanding any
other provision of law, the proceeds from any tax imposed by
the State and collected and administered by the Department
shall be deposited into the appropriate fund in the State
treasury within 3 business days after the proceeds are received
by the Department.
Section 10. The State Finance Act is amended by adding
Section 4.2 as follows:

09700HB1355ham002 - 2 - LRB097 07051 HLH 52021 a
(30 ILCS 105/4.2 new)
Sec. 4.2. Deposit of State funds. Notwithstanding any other
provision of law, moneys received by any State agency that are
required to be deposited into a fund in the State treasury
shall be deposited into the appropriate fund in the State
treasury within 3 business days after the moneys are received
by the agency.
Section 99. Effective date. This Act takes effect upon
becoming law.".