Bill > SB0015

This bill makes a technical amendment to the Franchise Tax and License Fee Amnesty Act of 2007, specifically modifying Section 5-1. While the specific details of the technical change are not fully visible in the provided XML, the bill appears to be making a minor adjustment to the language of the existing law. Franchise tax and license fee amnesty acts typically provide a temporary opportunity for businesses to pay overdue taxes or fees with reduced penalties or interest, encouraging compliance and helping businesses resolve outstanding tax obligations. However, in this case, the bill seems to be focused on a minor technical correction to the law's text rather than substantively changing its provisions or amnesty terms.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=15&GAID=18&DocTypeID=SB&SessionID=114&GA=104