INC TX-ESTIMATED PAYMENT House SponsorsRep. Jim Sacia 1/8/2013HouseSession Sine Die 35 ILCS 5/803from Ch. 120, par. 8-80335 ILCS 5/804from Ch. 120, par. 8-804 Amends the Illinois Income Tax Act. In a Section concerning estimated taxes, provides that, if (i) the taxpayer is owed a refund from the State based upon an income tax overpayment by the taxpayer, (ii) the taxpayer previously filed with the Department a valid amended Illinois income tax return claiming a refund for the overpayment, (iii) at least 30 days have elapsed between the date the taxpayer filed the amended return and the date the estimated tax installment is due, and (iv) the tax refund due to the taxpayer is larger than the estimated tax installment due, then the taxpayer may elect to reduce the amount of any unpaid refund owed to the taxpayer by the amount of the estimated tax due. Provides that the election must be approved by the Department and must be made in the form and manner prescribed by the Department. Exempts the offset amounts from certain penalty provisions. Effective immediately. 12/28/2010HousePrefiled with Clerk by Rep. Jim Sacia 1/12/2011HouseFirst Reading 1/12/2011HouseReferred to Rules Committee 2/8/2011HouseAssigned to Revenue & Finance Committee 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die