(35 ILCS 620/2a.2) (from Ch. 120, par. 469a.2)
Sec. 2a.2. Annual return, collection and payment. A return with
respect to the tax imposed by Section 2a.1 shall be made by every person
for any taxable period for which such person is liable for such tax.
Such return shall be made on such forms as the Department shall
prescribe and shall contain the following information:
1. Taxpayer's name;
2. Address of taxpayer's principal place of business, |
| and address of the principal place of business (if that is a different address) from which the taxpayer engages in the business of distributing electricity in this State;
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3. The total equity, in the case of electric
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| cooperatives, in the annual reports filed with the Rural Utilities Service for the taxable period;
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3a. The total kilowatt-hours of electricity
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| distributed by a taxpayer, other than an electric cooperative, in this State for the taxable period covered by the return;
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4. The amount of tax due for the taxable period
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| (computed on the basis of the amounts set forth in Items 3 and 3a); and
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5. Such other reasonable information as may be
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| required by forms or regulations prescribed by the Department.
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The returns prescribed by this Section shall be due and shall be
filed with the Department not later than the 15th day of the third
month following the close of the taxable period. The taxpayer making
the return herein provided for shall, at the time of making such return,
pay to the Department the remaining amount of tax herein imposed and due
for the taxable period. Each taxpayer shall make estimated quarterly
payments on the 15th day of the third, sixth,
ninth and twelfth months of each
taxable period. Such estimated payments shall be 25% of the tax
liability for the immediately preceding taxable period or the tax
liability that would have been imposed in the immediately preceding
taxable period if this amendatory Act of 1979 had been in effect. All
moneys received by the Department under Sections 2a.1 and 2a.2 shall
be paid into the
Personal Property Tax Replacement Fund in the State Treasury.
If any payment provided for in this Section exceeds the taxpayer's liabilities under this Act, as shown on an original return, the taxpayer may credit such excess payment against liability subsequently to be remitted to the Department under this Act, in accordance with reasonable rules adopted by the Department.
(Source: P.A. 100-1171, eff. 1-4-19.)
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