Bill Text: IL HB4381 | 2013-2014 | 98th General Assembly | Chaptered


Bill Title: Amends the Illinois Public Accounting Act. Provides that the Department of Financial and Professional Regulation shall convene a task force in order to prepare a report that determines the appropriate scope of a program for regulating tax return preparers, addresses the appropriate qualifications for tax return preparers, and considers any other matters that the task force determines to be necessary or appropriate. Requires that the report be submitted no later than September 1, 2015 to the Secretary of Financial and Professional Regulation, the Governor, the Speaker of the House of Representatives, and the President of the Senate. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2014-08-25 - Public Act . . . . . . . . . 98-1040 [HB4381 Detail]

Download: Illinois-2013-HB4381-Chaptered.html



Public Act 098-1040
HB4381 EnrolledLRB098 17158 ZMM 52245 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Public Accounting Act is amended by
adding Section 30.9 as follows:
(225 ILCS 450/30.9 new)
Sec. 30.9. Tax return preparation task force. The
Department shall convene a task force consisting of 8 members,
one of whom shall be appointed by the Department and be a
representative of the Department; one of whom shall be
appointed by the Department and be a representative of a
statewide association representing CPAs; one of whom shall be
appointed by the Department and be an enrolled agent or
representative of the tax return preparation industry; one of
whom shall be the Director of Revenue or his or her designee;
one of whom shall be appointed by the Speaker of the House of
Representatives; one of whom shall be appointed by the
President of the Senate; one of whom shall be appointed by the
Minority Leader of the House of Representatives; and one of
whom shall be appointed by the Minority Leader of the Senate.
The task force shall prepare a report that does the following:
determines the appropriate scope of a program for regulating
commercial tax return preparers; addresses the appropriate
qualifications, including, but not limited to, minimum
educational qualifications and continuing educational
requirements for commercial tax return preparers; and
considers any other matters the task force determines to be
necessary or appropriate. The task force shall meet no less
than 3 times before the end of the year in which this
amendatory Act of the 98th General Assembly becomes effective.
The report required under this Section shall be submitted by no
later than December 1, 2015 to the Secretary of Financial and
Professional Regulation, the Governor, and the General
Assembly. Members of the task force shall receive no
compensation, but shall be reimbursed for expenses necessarily
incurred in the performance of their duties.
This Section is repealed July 1, 2016.
Section 99. Effective date. This Act takes effect upon
becoming law.
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