(35 ILCS 510/4b) (from Ch. 120, par. 481b.4b)
Sec. 4b.
The Department of Revenue is hereby authorized to implement a
program whereby the privilege tax decals required by and the
taxes imposed by this Act
may be distributed and collected on behalf of the Department by State or
national banks and by State or federal savings and loan associations. The
Department shall promulgate such rules and regulations as are reasonable
and necessary to establish the system of collection of taxes and
distribution of privilege tax decals authorized by this
Section. Such rules and
regulations shall provide for the licensing of such financial institutions,
specification of information to be disclosed in an application therefor and
the imposition of a license fee not in excess of $100 annually.
(Source: P.A. 93-32, eff. 7-1-03.)
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