Interest

50 ILCS 45/45
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(50 ILCS 45/45) Sec. 45. Interest. Units of local government must provide, by ordinance, for the amount of interest, if any, to be assessed on a late payment, underpayment, or nonpayment of tax. (Source: P.A. 91-920, eff. 1-1-01.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements