Comments: IL SB1881 | 2019-2020 | 101st General Assembly

Bill Title: Creates the Local Government Revenue Recapture Act. Provides that a municipality or county that receives a disbursement of tax proceeds from the Department of Revenue may contract with a third party for the purpose of ensuring that the municipality or county receives the amount to which it is entitled. Provides that no person may engage in business as a third party pursuant without first having registered with the Department of Revenue. Provides that the Department of Revenue is authorized to initiate a 5-year certified audit pilot project for audits in cases in which the Department has notified the taxpayer that it has received a tax compliance referral. Amends the Retailers' Occupation Tax Act to make conforming changes. Amends the Illinois False Claims Act to provide that certain provisions do not apply to taxes imposed, collected, or administered by the State (currently, claims, records, or statements made under the Illinois Income Tax Act). Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2020-01-24 - Public Act . . . . . . . . . 101-0628 [SB1881 Detail]

Text: Latest bill text (Chaptered) [HTML]

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