Illinois Compiled Statutes (Tax)
35 ILCS 735/3-9
Application of provisions
Sec. 3-9. Application of provisions.
# (a)
The provisions of this Act shall apply to the rates of interest for periods on and after the effective date of this Act. Interest for periods prior to the effective date of this Act shall be computed at the rates in effect prior to that date.
# (b)
Penalties shall be imposed at the rate and in the manner in effect at the time the tax liability became due.
# (c)
Interest shall not be paid on claims filed after the effective date of this Act except such interest which is paid in accordance with this Act.
# (d)
Payments received from a taxpayer shall be applied against the outstanding liability of the taxpayer, or to an agreed portion of the outstanding liability, in the following order: the principal amount of the tax, then penalty, and then interest. (Source: P.A. 87-205 .)
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Nearby sections (21 sections)
- 640/99 · Effective date
- 735/3-1 · This Article may be cited as the Uniform Penalty and Interest…
- 735/3-1A · In this Article, references to this "Act" mean this…
- 735/3-2 · Interest
- 735/3-3 · Penalty for failure to file or pay
- 735/3-4 · Penalty for failure to file correct information returns
- 735/3-4.5 · Collection penalty
- 735/3-5 · Penalty for negligence
- 735/3-6 · Penalty for fraud
- 735/3-7 · Personal Liability Penalty
- 735/3-7.5 · Bad check penalty
- 735/3-8 · No penalties if reasonable cause exists
- 735/3-9 · Application of provisions
- 735/3-10 · Limitations
- 735/3-11 · Department and Taxpayer Study
- 735/3-12 · Appeal options
- 745/1 · Short title
- 745/5 · Definitions
- 745/10 · Amnesty program
- 745/905 · (Amendatory provisions; text omitted)
- 745/999 · Effective date