Illinois Administrative Code
Title 86 - REVENUE
Part 850 - LOCAL GOVERNMENT REVENUE RECAPTURE ACT AND CERTIFIED AUDIT PILOT PROGRAM
Section 850.195 - Penalties
Universal Citation: 86 IL Admin Code ยง 850.195
Current through Register Vol. 48, No. 38, September 20, 2024
Unless the audit discloses fraud, the Department shall waive penalties that would be based on any tax that is identified to be due as a result of a certified audit. The waiver of penalties does not apply to any amount that the taxpayer collected as tax, but did not remit to the Department, or to any certified audit that the Department completes for any reason.
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