(35 ILCS 5/505) (from Ch. 120, par. 5-505)
Sec. 505.
Time and Place for Filing Returns.
(a) In general. Returns required by this Act shall be filed at such place
as the Department may by regulations prescribe.
(1) Corporations. Except as provided in paragraph (3), corporate
returns shall be filed on or before the 15th day of the third month following
the close of the taxable year, unless, subject to the provisions of Section
602, the Director grants an extension or extensions of time (not to exceed
6 months in the aggregate) for such filing, or unless the income or loss
of a taxpayer is reported for federal purposes on a return with a due date later
than the 15th day of the third month following the close of the taxable
year, in which case the same due date shall apply to the corresponding Illinois return.
(2) Individuals, partnerships and fiduciaries. Except as provided in
paragraph (3), individual, partnership and fiduciary returns
shall be filed on or before the 15th day of the fourth month following the
close of the taxable year, unless, subject to the provisions of Section
602, the Director grants an extension or extensions of time (not to exceed
6 months in the aggregate) for such filing, except that a final
return of a decedent shall be filed at the time (including any extensions
thereof) it would have been due if the decedent had not died.
(3) Certain Exempt Organizations. Organizations which are exempt from
the Federal income tax by reason of Section 501(a) of the Internal Revenue
Code who determine base
income for a taxable year under subsection (a) of Section 205 (other than
an employees' trust described in Section 401(a) of the Internal Revenue
Code), shall file returns required by this Act on or before the 15th day
of the 5th month following the close of the taxable year, unless, subject
to the provisions of Section 602, the Director grants an extension or extensions
of time (not to exceed 6 months in the aggregate) for such filing.
(b) Extension of time for filing federal return. When the taxpayer has
been granted an extension or extensions of time within which to file his
federal income tax return for any taxable year, the filing of a copy of
such extension or extensions with the Department shall automatically extend
the due date of the return with respect to the tax imposed by this Act for
an equivalent period (plus
an additional month beyond the federal extension in the case of
corporations) if the requirements of Section 602 are met.
(c) Extension of time for filing when abroad. If an individual is
living or traveling outside the United States and Puerto Rico on the 15th
day of the 4th month following the close of his taxable year ending on or
after December 31, 1983, the return required
to be filed under Section 502 of this Act relative to that taxable year
shall, in no event, be due prior to the 15th day of the 6th month following
the close of that taxable year. In the case of a joint return filed in
accordance with Section 502(c), the 2 month extension provided for in this
subsection (c) is available if either spouse is living or traveling outside
the United States and Puerto Rico on the 15th day of the 4th month following
the close of the taxable year ending on or after December 31, 1983. Nothing
in this subsection (c) shall be construed to extend the time in which the
individual must pay the tax due under Section 601(a).
(Source: P.A. 84-1400.)
|