Illinois Compiled Statutes (Tax)
35 ILCS 405/9
Interest
Official textilga.gov
Sec. 9. Interest. If any amount of Illinois transfer tax imposed by this Act is not paid on or before the initial due date for the Illinois transfer tax return (without extensions), interest shall be charged and collected on the unpaid amount at the rate of 10% per annum from and after the initial due date and for the time thereafter as the tax is not paid, provided that the rate of interest on the outstanding amount of Illinois transfer tax permitted to be deferred or paid in installments under this Act shall be 6%. (Source: P.A. 86-737.)
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Nearby sections (25 sections)
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- 405/6 · Returns and payments
- 405/7 · Supplemental returns; refunds
- 405/8 · Penalties for failure to file tax return or to pay tax
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- 405/10 · Liens and Personal Liability
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- 405/14 · Statute of limitations; claims for refund
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- 405/18 · Effective dates
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