(820 ILCS 405/2207) (from Ch. 48, par. 687)
Sec. 2207.
Limitations.
No determination and assessment of contributions, interest, or penalties
shall be made, and no action for the collection of contributions, interest,
or penalties which is not based upon a final determination and assessment
shall be brought against any employing unit, more than four years after the
last day of the month immediately following the calendar quarter in which
the wages, upon which such contributions accrued, were paid. This paragraph
shall not apply to any employing unit which, for the purpose of evading the
payment of contributions, interest or penalties, has willfully failed to
pay any contribution, interest or penalty, or part thereof, or to file any
report, when required by the provisions of this Act or the rules and
regulations of the Director, or has knowingly made a false statement or
knowingly failed to disclose a material fact.
Commencing July 1, 1951, whenever the interest provided for in Section
1401 on contributions in any quarter, has accrued to sixty per cent of
the amount of the contributions due from any employing unit for such
quarter prior to the payment of any part of such contributions, no action
shall be brought, or determination and assessment made, against such
employing unit for collection of the interest in excess of said sixty per
cent of such contributions; provided, however, that nothing herein
contained shall be construed to act as a limitation upon the collection of
any interest which has accrued prior to July 1, 1951.
(Source: Laws 1957, p. 2667.)
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