(20 ILCS 2505/2505-275) (was 20 ILCS 2505/39e)
Sec. 2505-275.
Tax overpayments.
In the case of overpayment of any
tax liability arising from
an Act administered by the Department, the Department may credit the amount
of the overpayment and any interest thereon against any final tax liability
arising under that or any other Act administered by the Department. The
Department may enter into agreements with the Secretary of the Treasury of the
United States (or his or her delegate) to offset all or part of an overpayment
of such a tax liability against any liability arising from a tax imposed under
Title 26 of the United States Code. The Department may collect a fee from the
Secretary of the Treasury of the United States (or his or her delegate) to
cover
the full cost of offsets taken, to the extent allowed by federal law, or, if
not allowed by federal law, from the taxpayer by offset of the
overpayment.
(Source: P.A. 91-239, eff. 1-1-00; 92-492, eff. 1-1-02; 92-826, eff. 8-21-02.)
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