093_SB1696

 
                                     LRB093 02895 SJM 02911 b

 1        AN ACT with respect to utility taxes.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section   5.    The   Telecommunications   Infrastructure
 5    Maintenance  Fee  Act  is amended by changing Section 27.5 as
 6    follows:

 7        (35 ILCS 635/27.5)
 8        Sec.   27.5.   Books   and   records    Records.    Every
 9    telecommunications  retailer under this Act shall keep books,
10    records, papers, and other documents  that  are  adequate  to
11    reflect   the   information   which  such  telecommunications
12    retailers  are  required  by  this  Act  to  report  to   the
13    Department by filing monthly returns with the Department. All
14    books  and records and other papers and documents required by
15    this Act to be kept shall be kept in the English language and
16    shall, at all times during business  hours  of  the  day,  be
17    subject   to   inspection  by  the  Department  or  its  duly
18    authorized agents and employees. Books and records reflecting
19    gross charges received during  any  period  with  respect  to
20    which  the Department is authorized to establish liability as
21    provided by this Act shall be preserved until the  expiration
22    of  such period unless the Department, in writing, authorizes
23    their destruction or disposal at an earlier date.
24        The Department may, upon  written  authorization  of  the
25    Director,  destroy  any  returns  or  any records, papers, or
26    memoranda pertaining to such returns upon the  expiration  of
27    any  period covered by such returns with respect to which the
28    Department is authorized to establish liability.
29    (Source: P.A. 90-562, eff. 12-16-97.)