(35 ILCS 735/3-11)
Sec. 3-11.
Department and Taxpayer Study.
(a) Beginning 3 years after the
effective date of this amendatory Act of 1995, the Illinois Department of
Revenue shall
conduct a study of the effectiveness of Section 3-3 of this Act as a means of
ensuring timely filing of returns and payment of tax. This study shall include
an examination of the effect of the imposition of the Section 3-3(a) late
filing or non-filing penalty on the filing of returns required by Section 704
of the Illinois Income Tax Act. The study shall also include an examination of
the level of compliance with estimated
income tax payment requirements of Section 803 of the Illinois Income Tax Act,
prior to and subsequent to the incorporation of the late payment penalty of
Section 3-3(b) of this Act into Section 804 of the Illinois Income Tax Act.
(b) The Department shall seek the advice and participation of interested
taxpayers in this study. The Department shall report the results of the study
to the Illinois General Assembly no later than 4 years after the effective date
of this amendatory Act of 1995. The study shall contain the Department's
conclusions and
recommendations, along with the conclusions and recommendations of
participating
taxpayers should those conclusions and recommendations differ from those of the
Department.
(Source: P.A. 89-379, eff. 8-18-95.)
|