Section 100.5140 Composite Returns: Estimated Payments

Estimated payments. Estimated payments shall be made on the basis of the tax shown on the composite return. Any penalty for underpayment of estimated tax (see Section 804 of the IITA and Section 3-3 of the UPIA) shall be determined on a composite basis. However, in no event shall such penalty be imposed for taxable years ending December 31, 1987.

(Source: Amended at 18 Ill. Reg. 1510, effective January 13, 1994)