summary
Introduced
02/03/2025
02/03/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Liquor Control Act of 1934. In a provision requiring certain licensees to file a bond with the Department of Revenue, provides an exception for a manufacturer or importing distributor who is applying for a manufacturer's or importing distributor's license for the first time. Provides that the bond may be required as a condition to renew a license for subsequent annual license terms if a manufacturer or importing distributor exceeds $50,000 in tax liability. Provides that the Illinois Liquor Control Commission shall not renew a license for any applicant for a manufacturer's or importing distributor's license if the State Commission has received a notification from the Department showing that the applicant is required to file and has not filed a satisfactory bond with the Department and that the bond has not been approved by the Department. Removes language providing that the State Commission shall not issue a license to any applicant for a manufacturer's or importing distributor's license unless the Commission has received a notification from the Department showing that such applicant has filed a satisfactory bond with the Department and that such bond has been approved by the Department.
AI Summary
This bill amends the Liquor Control Act of 1934 to modify liquor tax bond requirements for manufacturers and importing distributors. The key changes provide an exception for first-time license applicants, allowing them to be exempt from the bond requirement. For established manufacturers and importing distributors, a bond will now only be required for subsequent annual license terms if their tax liability exceeds $50,000 in the previous year. The bond amount can range from $1,000 to $100,000, with the Department of Revenue determining the specific amount based on expected alcohol sales. The Illinois Liquor Control Commission will not renew a license for any manufacturer or importing distributor who is required to file a bond but has not done so or whose bond has not been approved by the Department of Revenue. This change simplifies the bonding process for new businesses in the liquor industry while maintaining financial safeguards for the state by ensuring that businesses with significant tax liabilities provide a financial guarantee.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2485&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB2485.htm |
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