HB4511

Illinois HB4511 amends the Illinois Income Tax Act to modify the conditions under which a tax lien remains in effect.

Illinois HB4511 amends the Illinois Income Tax Act to change the conditions under which a tax lien remains in effect. Specifically, it provides that if a late discretionary hearing for a revised final assessment has been granted after a lien has attached, the lien shall remain in full force except to the extent to which the final assessment may be reduced by a revised final assessment following the hearing or liability for the amount so assessed is satisfied or becomes unenforceable by reason of lapse of time.