92nd General Assembly
Summary of SB1283
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Senate Sponsors:
MADIGAN,R-SULLIVAN.

House Sponsors:
MAY-TENHOUSE-HANNIG-RUTHERFORD-KENNER

Short description: 
CIV ADMIN-CERTIFIED AUDIT PROG                                             

Synopsis of Bill as introduced:
        Creates  the  Certified  Audit   Program   Law   in   the   Civil      
   Administrative   Code  of  Illinois.  Contains  only  a  short  title.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          20 ILCS 2510/2510-5 new                                              
          20 ILCS 2510/2510-10 new                                             
          20 ILCS 2510/2510-15 new                                             
          20 ILCS 2510/2510-20 new                                             
          20 ILCS 2510/2510-25 new                                             
          20 ILCS 2510/2510-30 new                                             
        Amends  the  Certified   Audit   Program   Law   in   the   Civil      
   Administrative Code of Illinois.  Authorizes the Department of Revenue      
   to  initiate  a  certified  audit  program  to  enhance tax compliance      
   reviews performed by certified public accountants who have completed a      
   Department-approved certification  program  (qualified  practitioners)      
   and  to  encourage taxpayers to hire qualified practitioners to review      
   and report their tax compliance. Provides that  the  Department  shall      
   compromise  penalties  and  abate  interest  due  on  tax  liabilities      
   revealed  by  a  certified  audit.   Provides that the certified audit      
   program is repealed on July 1, 2004.                                        
        HOUSE AMENDMENT NO. 1.  (Tabled May 23, 2001)                          
          Deletes reference to:                                                
          20 ILCS 2510/2510-5 new                                              
          20 ILCS 2510/2510-10 new                                             
          20 ILCS 2510/2510-15 new                                             
          20 ILCS 2510/2510-20 new                                             
          20 ILCS 2510/2510-25 new                                             
          20 ILCS 2510/2510-30 new                                             
        Deletes all substantive provisions from the bill.                      
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          20 ILCS 2510/2510-3 new                                              
          20 ILCS 2510/2510-5 new                                              
          20 ILCS 2510/2510-10 new                                             
          20 ILCS 2510/2510-15 new                                             
          20 ILCS 2510/2510-20 new                                             
          20 ILCS 2510/2510-25 new                                             
          20 ILCS 2510/2510-30 new                                             
        Adds the Certified Audit Program Law to the Civil  Administrative      
   Code  of Illinois.  Authorizes the Department of Revenue to initiate a      
   certified audit  pilot  project  to  enhance  tax  compliance  reviews      
   performed  by  certified  public  accountants  who  have  completed  a      
   Department-approved  certification  program  (qualified practitioners)      
   and to encourage taxpayers to hire qualified practitioners  to  review      
   and  report  their  tax compliance. Provides that the Department shall      
   compromise  penalties  and  abate  interest  due  on  tax  liabilities      
   revealed by a certified audit.   Provides  that  the  certified  audit      
   pilot   project  may  not  extend  beyond  July  1,  2004.   Effective      
   immediately.                                                                
 
Last action on Bill: PUBLIC ACT.............................. 92-0456

   Last action date: AUG-21-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


   END OF INQUIRY 




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