Illinois Statutes
§ 55 — Late payment penalty
Illinois § 55
JurisdictionIllinois
TopicGOVERNMENT
Ch. 50LOCAL GOVERNMENT
Act 50 ILCS 45/Local Government Taxpayers' Bill of Rights Act.
This text of Illinois § 55 (Late payment penalty) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
50 Ill. Comp. Stat. 55 (2026).
Text
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.)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 55, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/50/55.