For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Penalties.

Municipal Code of Chicago § 3-33-110
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
3-33-110 Penalties. Any transferor or transferee who fails to file with the department a real property transfer declaration as required by Section 3-33-070 of this chapter, or a supplemental transfer declaration as required by Section 3-33-100 of this chapter, prior to the department issuing a notice of tax audit, investigation or liability in connection with the transfer of title to, or beneficial interest in, real property, shall be subject to a penalty equal to the amount of the applicable tax. This penalty shall be in addition to any tax and interest due, and any negligence or wilfulness penalty provided by Chapter 3-4 of this Code. (Added Coun. J. 12-15-92, p. 27387; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 3)
Source: City of Chicago, Municipal Code of Chicago (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/chicago/latest/chicago_il/0-0-0-2606643Fetched: 10/24/2026

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

3-33-110 | Corpus