Illinois Statutes
§ 55 — Late payment penalty
Illinois·Topic GOVERNMENT·Ch. 50 LOCAL GOVERNMENT·Act 50 ILCS 45/ Local Government Taxpayers' Bill of Rights Act.
Late payment penalties may not exceed 5% of the tax due and not timely paid or remitted to the unit of local government. This penalty shall not apply if a failure to file penalty is imposed by the unit of local government. A local tax administrator may determine that the late payment was due to reasonable cause and abate the penalty.
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Legislative History
(Source: P.A. 91-920, eff. 1-1-01.)