Illinois § 15-1206
Full text of Illinois Illinois Compiled Statutes § 15-1206, with citation guidance and answers to common questions.
§ 15-1206.
Waiver of interest and penalty. The administrator: (1) may waive, in whole or in part, interest under subsection (a) of Section 15-1204 and penalties under subsection (b) of Section 15-1204 or Section 15-1; and (2) shall waive a penalty under subsection (b) of Section 15-1204 if the administrator determines that the holder acted in good faith and without negligence. (Source: P.A. 100-22, eff. 1-1-18.)
Frequently Asked Questions About Illinois § 15-1206
What does Illinois Compiled Statutes § 15-1206 cover?
Section 15-1206 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 15-1206?
A common citation format is "Illinois Compiled Statutes § 15-1206" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 15-1206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.