ROTA-PURCHASE REVIEW Senate SponsorsSen. Sara Feigenholtz House Sponsors(Rep. Joe C. Sosnowski, Martin McLaughlin, Paul Jacobs and Brandun Schweizer) 8/9/2024SenatePublic Act . . . . . . . . . 103-0966 35 ILCS 120/2-10.5Amends the Retailers' Occupation Tax Act. Requires each holder of a Direct Pay Permit to review its purchase activity by January 31 and July 31 of each year to verify that the purchases made in the preceding 6-month period were sourced correctly and the correct tax rate was applied. Sets forth penalties for failure to comply with the reporting requirements. Effective immediately.House Floor Amendment No. 2 Replaces everything after the enacting clause. Amends the Retailers' Occupation Tax Act. Provides that, by March 31 of each year, each holder of a Direct Pay Permit shall review its purchase activity for the 12-month period ending on December 31 of the immediately preceding calendar year to verify that the purchases made in that 12-month period were sourced correctly and the correct tax rate was applied. Provides that the Direct Pay Permit holder is subject to a $6,000 penalty for failure to properly verify purchase activity and correct sourcing and tax rate errors. Provides that the penalty does not apply if at least 95% of the Direct Pay Permit holder's transactions for the applicable 12-month review period are correctly sourced and the correct taxes have been remitted or the permit holder acted with ordinary business care and prudence. Effective immediately. 2/7/2024SenateFiled with Secretary by Sen. Sara Feigenholtz 2/7/2024SenateFirst Reading 2/7/2024SenateReferred to Assignments 2/20/2024SenateAssigned to Revenue 3/7/2024SenateDo Pass Revenue; 009-000-000 3/7/2024SenatePlaced on Calendar Order of 2nd Reading March 12, 2024 3/14/2024SenateSecond Reading 3/14/2024SenatePlaced on Calendar Order of 3rd Reading March 20, 2024 4/10/2024SenateThird Reading - Passed; 059-000-000 4/10/2024HouseArrived in House 4/12/2024HouseChief House Sponsor Rep. Joe C. Sosnowski 4/12/2024HouseFirst Reading 4/12/2024HouseReferred to Rules Committee 4/24/2024HouseAssigned to Revenue & Finance Committee 5/1/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski 5/1/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/2/2024HouseDo Pass / Short Debate Revenue & Finance Committee; 018-000-000 5/2/2024HouseHouse Committee Amendment No. 1 Tabled 5/2/2024HousePlaced on Calendar 2nd Reading - Short Debate 5/6/2024HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Joe C. Sosnowski 5/6/2024HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/13/2024HouseHouse Floor Amendment No. 2 Rules Refers to Revenue & Finance Committee 5/16/2024HouseHouse Floor Amendment No. 2 Recommends Be Adopted Revenue & Finance Committee; 019-000-000 5/16/2024HouseSecond Reading - Short Debate 5/16/2024HouseHeld on Calendar Order of Second Reading - Short Debate 5/17/2024HouseThird Reading/Final Action Deadline Extended-9(b) May 24, 2024 5/21/2024HouseHouse Floor Amendment No. 2 Adopted 5/21/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/21/2024HouseThird Reading - Short Debate - Passed 113-000-000 5/21/2024HouseAdded Alternate Co-Sponsor Rep. Martin McLaughlin 5/21/2024HouseAdded Alternate Co-Sponsor Rep. Paul Jacobs 5/21/2024HouseAdded Alternate Co-Sponsor Rep. Brandun Schweizer 5/21/2024SenateSecretary's Desk - Concurrence House Amendment(s) 2 5/21/2024SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024 5/22/2024SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Sara Feigenholtz 5/22/2024SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/23/2024SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Revenue 5/23/2024SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 008-000-000 5/24/2024SenateHouse Floor Amendment No. 2 Senate Concurs 058-000-000 5/24/2024SenateSenate Concurs 5/24/2024SenatePassed Both Houses 6/21/2024SenateSent to the Governor 8/9/2024SenateGovernor Approved 8/9/2024SenateEffective Date August 9, 2024 8/9/2024SenatePublic Act . . . . . . . . . 103-0966