IL SB2510 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2016 - 25% progression, died in committee
Action: 2016-04-08 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the State Tax Preparer Oversight Act. Provides that, for taxable years beginning on or after January 1, 2017, the Department of Revenue shall require any income tax return preparer to include his or her PTIN on any tax return prepared by the income tax return preparer and filed under the Illinois Income Tax Act or any claim for refund of tax imposed by the Illinois Income Tax Act. Provides that the Department shall develop a program using the PTIN as an oversight mechanism to assess returns, to identify high error rates, patterns of suspected fraud, and unsubstantiated basis for tax positions by income tax return preparers. Provides that the Department may bar or suspend an income tax return preparer for good cause. Contains provisions concerning penalties and enforcement. Amends the Illinois Income Tax Act to make conforming changes.

Tracking Information

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Title

IDOR-TAX PREPARERS

Sponsors


History

DateChamberAction
2016-04-08SenateRule 3-9(a) / Re-referred to Assignments
2016-04-06SenatePostponed - Revenue
2016-03-16SenatePostponed - Revenue
2016-02-17SenateAssigned to Revenue
2016-02-09SenateReferred to Assignments
2016-02-09SenateFirst Reading
2016-02-09SenateFiled with Secretary by Sen. Terry Link

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355503Amended CodeCitation Text

Illinois State Sources


Bill Comments

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