Bill > SB2140

This bill amends the Illinois Income Tax Act to provide a new mechanism for taxpayers to seek a refund after an audit has been completed. Specifically, if a taxpayer is entitled to a refund as a result of a Department of Revenue audit, but the standard time period for filing a refund claim has already expired, the taxpayer can now apply to the Director of Revenue for an extension. This extension application must be submitted in writing and follow the Department's prescribed form and manner. The extension, if granted, cannot exceed 3 years from the conclusion of the Department's audit. Upon receiving the extension request, the Director must provide a written response either approving or rejecting the request. This change provides additional flexibility for taxpayers who might otherwise be unable to claim a legitimate tax refund due to strict filing time limits, while still maintaining a reasonable timeframe for such claims to be made.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2140&GAID=18&DocTypeID=SB&SessionID=114&GA=104