(230 ILCS 25/3) (from Ch. 120, par. 1103)
Sec. 3. Payments; returns. There shall be paid to the Department of Revenue, 5% of the gross
proceeds of any game of bingo conducted under the provision of this Act.
Such payments shall be made 4 times per year, between the first and the
20th day of April, July, October and January. Accompanying each payment shall be a return,
on forms prescribed by the Department of Revenue. Failure to submit either the payment or
the return within the specified time may result in suspension or revocation
of the license. Tax returns filed pursuant to this Act shall not be confidential and shall be available for public inspection.
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. All payments made to the Department of Revenue under this Section shall be deposited as follows: (1) 50% shall be deposited in the Mental Health Fund; |
(2) 50% shall be deposited in the Common School Fund.
The provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5i, 5j,
6, 6a, 6b, 6c, 8, 9, 10, 11 and 12 of the Retailers' Occupation
Tax Act
and Section 3-7 of the
Uniform Penalty and Interest Act, which are not inconsistent with this Act, shall apply, as far as
practicable, to the subject matter of this Act to the same extent as if
such provisions were included in this Act. For the purposes of this Act, references in such incorporated
Sections of the Retailers' Occupation Tax Act to retailers, sellers or
persons engaged in the business of selling tangible personal property means
persons engaged in conducting bingo games, and references in such
incorporated Sections of the Retailers' Occupation Tax Act to sales of
tangible personal property mean the conducting of bingo games and the
making of charges for playing such games.
(Source: P.A. 100-1171, eff. 1-4-19.)
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