§ 35 ILCS 735/3-1 This Article may be cited as the Uniform Penalty and Interest Act
§ 35 ILCS 735/3-1A In this Article, references to this “Act” mean this “Article” and …
§ 35 ILCS 735/3-2 Interest
§ 35 ILCS 735/3-3 Penalty for failure to file or pay
§ 35 ILCS 735/3-4 Penalty for failure to file correct information returns
§ 35 ILCS 735/3-4.5 Collection penalty
§ 35 ILCS 735/3-5 Penalty for negligence
§ 35 ILCS 735/3-6 Penalty for fraud
§ 35 ILCS 735/3-7 Personal Liability Penalty
§ 35 ILCS 735/3-7.5 Bad check penalty
§ 35 ILCS 735/3-8 No penalties if reasonable cause exists
§ 35 ILCS 735/3-9 Application of provisions
§ 35 ILCS 735/3-10 Limitations
§ 35 ILCS 735/3-11 Department and Taxpayer Study
§ 35 ILCS 735/3-12 Appeal options

Terms Used In Illinois Compiled Statutes > 35 ILCS 735 - Uniform Penalty and Interest Act

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.