Illinois Tax Amnesty Signed Into Law . . . Again


Despite his previously stated misgivings about frequent amnesty programs, Illinois Gov. Patrick Quinn (D) signed Senate Bill (SB) 377, Public Act (P.A.) 96-1435, into law August 16, 2010, and so Illinois will conduct its second general tax amnesty in seven years.

SB 377 amends the Tax Amnesty Delinquency Act (the "TDAA" or the "New Amnesty Law"), which was first enacted for the amnesty Illinois conducted in 2003. Under the New Amnesty Law, the Illinois Department of Revenue (the "Department") will administer an amnesty program from October 1, 2010 through November 8, 2010 (a period a week shorter than the last Illinois amnesty program in 2003) for any taxable period ending after June 30, 2002 but prior to July 1, 2009. As was the case under the 2003 amnesty program, a payment of tax during the amnesty period is rewarded with a full abatement of penalties and interest, but failure to pay the tax amounts owed to the Department during the amnesty program will result in imposition of penalties and interest at 200 percent of the otherwise applicable rates.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

Written by:


Reed Smith on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.