(35 ILCS 5/703) (from Ch. 120, par. 7-703)
Sec. 703. Information statement. Every employer required to deduct and withhold tax under this Act from
compensation of an employee, or who would have been required so to deduct
and withhold tax if the employee's withholding exemption were not in excess
of the basic amount in Section 204(b), shall furnish in
duplicate to each such employee in respect of
the compensation paid by such employer to such employee during the calendar
year on or before January 31 of the succeeding year, or, if his employment
is terminated before the close of such calendar year, on the date on which
the last payment of compensation is made, a written statement in such form
as the Department may by regulation prescribe showing the amount of
compensation paid by the employer to the employee, the amount deducted and
withheld as tax, and such other information as the Department shall
prescribe. A copy of such statement shall be filed by the employee with his
return for his taxable year to which it relates (as determined under
Section 601(b)(1)).
(Source: P.A. 97-507, eff. 8-23-11.)
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