Chapter 35, REVENUE

(35 ILCS 200/2-5) Sec. 2-5. Multi-township assessors. Townships with less than 1,000 inhabitants shall not elect assessors for each township but shall elect multi-township assessors. (1) If 2 or more townships with less than 1,000 inhabitants are contiguous, one multi-township as…

(35 ILCS 450/2-5) Sec. 2-5. Short title. This Act may be cited as the "Illinois Hydraulic Fracturing Tax Act". (Source: P.A. 98-22, eff. 6-17-13.)

(35 ILCS 450/2-50) Sec. 2-50. Operator returns; payment of tax. (a) If, on or after July 1, 2013, oil or gas is transported off the production unit where severed by the operator, used on the production unit where severed, or if the manufacture and conversion of oil and gas into r…

(35 ILCS 200/2-50) Sec. 2-50. Certification by Department. The Department shall, within 15 days after the effective date of this amendatory Act of 1995 and, thereafter, by February 1 of each year before the year of election of township or multi-township assessors, certify to each…

(35 ILCS 200/2-52) Sec. 2-52. Revision of assessor qualifications by Department. The Department may revise the assessor qualifications for township and multi-township assessment districts from those qualifications specified in subsections (c) or (d) of Section 2-45 to those quali…

(35 ILCS 200/2-55) Sec. 2-55. Role as ex-officio deputy assessors. In all townships in counties of 3,000,000 or more, in which township assessors are elected, the township assessors shall be ex-officio deputy assessors to make the assessments in the townships wherein they are ele…

(35 ILCS 450/2-55) Sec. 2-55. Tax withholding and remittance when title to minerals disputed. When the title to any oil or gas severed from the earth or water is in dispute and the purchaser of such oil or gas is withholding payments on account of litigation, or for any other rea…

(35 ILCS 640/2-6) Sec. 2-6. Sunset of exemptions, credits and deductions. The application of every exemption, credit and deduction against tax imposed by this Law, shall be limited by a reasonable and appropriate sunset date. A purchaser subject to the tax imposed by this Law is …

(35 ILCS 200/2-60) Sec. 2-60. Vacancies. (a) When any township or multi-township assessment district fails to elect an assessor or when an assessor's office becomes vacant for any reason specified in Section 25-2 of the Election Code, the township or multi-township board of trust…

(35 ILCS 450/2-60) Sec. 2-60. Transporters. When requested by the Department, all transporters of oil or gas out of, within or across the State of Illinois shall be required to furnish the Department such information relative to the transportation of such oil or gas as the Depart…

(35 ILCS 450/2-65) Sec. 2-65. Rulemaking. The Department is hereby authorized to adopt any rules as may be necessary to administer and enforce the provisions of this Act. (Source: P.A. 98-22, eff. 6-17-13.)

(35 ILCS 200/2-65) Sec. 2-65. Deputies and employees. (a) In all counties under township organization where a township or multi-township assessor is unable alone to perform all duties of the office, he or she may appoint one or more suitable persons as deputies to assist in makin…

(35 ILCS 640/2-7) Sec. 2-7. Collection of electricity excise tax. (a) Beginning with bills for electricity or electric service issued on and after August 1, 1998, the tax imposed by this Law shall be collected from the purchaser, other than a self-assessing purchaser where the de…

(35 ILCS 640/2-7.5) Sec. 2-7.5. Registration of delivering suppliers. A person who engages in business as a delivering supplier of electricity in this State shall register with the Department. Application for a certificate of registration shall be made to the Department upon form…

(35 ILCS 640/2-7.6) Sec. 2-7.6. Revocation of certificate of registration. The Department may, after notice and a hearing as provided herein, revoke the certificate of registration of any person who violates any of the provisions of this Law. Before revocation of a certificate of…

(35 ILCS 200/2-70) Sec. 2-70. Salary. Each multi-township board of trustees shall set the salary of its multi-township assessor at least 150 days before his or her election. Each township board of trustees shall set the salary of its township assessor at the same time it sets the…

(35 ILCS 450/2-70) Sec. 2-70. Incorporation by reference. All of the provisions of Sections 4, 5, 5a, 5b, 5c, 5d, 5e, 5f, 5g, 5j, 6, 6a, 6b, 6c, 7, 8, 9, 10, 11, 11a, 12, and 13 of the "Retailers' Occupation Tax Act" which are not inconsistent with this Act, and all provisions of…

(35 ILCS 450/2-75) Sec. 2-75. Distribution of proceeds. All moneys received by the Department under this Act shall be paid into the General Revenue Fund in the State treasury. (Source: P.A. 98-22, eff. 6-17-13.)

(35 ILCS 200/2-75) Sec. 2-75. Affidavit for time employed. When compensation of a township or multi-township assessor or his or her deputy is based upon the time actually employed in the making of assessments, the assessors and deputies shall make an affidavit of the time so empl…

(35 ILCS 640/2-8) Sec. 2-8. Tax collected as debt owed to State. The tax herein required to be collected by any delivering supplier maintaining a place of business in this State, and any such tax collected by that person, shall constitute a debt owed by that person to this State,…

(35 ILCS 200/2-80) Sec. 2-80. Expenses and office needs. Township and multi-township assessors shall receive travel and transportation expenses in the amount determined by the board of town trustees, and shall be reimbursed for their reasonable travel, meal, lodging and registrat…

(35 ILCS 640/2-9) Sec. 2-9. Return and payment of tax by delivering supplier. Each delivering supplier who is required or authorized to collect the tax imposed by this Law shall make a return to the Department on or before the 15th day of each month for the preceding calendar mon…

(35 ILCS 5/201) (Text of Section from P.A. 104-468, Article 135, Section 135-5) Sec. 201. Tax imposed. (a) In general. A tax measured by net income is hereby imposed on every individual, corporation, trust and estate for each taxable year ending after July 31, 1969 on the privile…

(35 ILCS 5/201.5) (Section scheduled to be repealed on January 1, 2027) Sec. 201.5. State spending limitation and tax reduction. (a) If, beginning in State fiscal year 2012 and continuing through State fiscal year 2015, State spending for any fiscal year exceeds the State spendin…

(35 ILCS 5/202) (from Ch. 120, par. 2-202) Sec. 202. Net Income Defined. In general. For purposes of this Act, a taxpayer's net income for a taxable year shall be that portion of his base income for such year which is allocable to this State under the provisions of Article 3, les…

(35 ILCS 5/202.3) (from Ch. 120, par. 2-202.3) Sec. 202.3. Net income attributable to the period prior to July 1, 1989 and net income attributable to the period after June 30, 1989. (a) In general. With respect to the taxable year of a taxpayer beginning prior to July 1, 1989 and…

(35 ILCS 5/202.5) Sec. 202.5. Net income attributable to the period beginning prior to the first day of a month and ending after the last day of the preceding month. (a) In general. With respect to the taxable year of a taxpayer beginning prior to the first day of a month and end…

(35 ILCS 5/203) (from Ch. 120, par. 2-203) Sec. 203. Base income defined. (a) Individuals. (1) In general. In the case of an individual, base income means an amount equal to the taxpayer's adjusted gross income for the taxable year as modified by paragraph (2). (2) Modifications.…

(35 ILCS 5/204) (from Ch. 120, par. 2-204) Sec. 204. Standard exemption. (a) Allowance of exemption. In computing net income under this Act, there shall be allowed as an exemption the sum of the amounts determined under subsections (b), (c) and (d), multiplied by a fraction the n…

(35 ILCS 5/205) (from Ch. 120, par. 2-205) Sec. 205. Exempt organizations. (a) Charitable, etc. organizations. For tax years beginning before January 1, 2019, the base income of an organization which is exempt from the federal income tax by reason of the Internal Revenue Code sha…

(35 ILCS 5/206) (from Ch. 120, par. 2-206) Sec. 206. Tax credits for coal research and coal utilization equipment. (a) Until January 1, 2005, each corporation subject to this Act shall be entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 in an…

(35 ILCS 5/207) (from Ch. 120, par. 2-207) Sec. 207. Net losses. (a) If after applying all of the (i) modifications provided for in paragraph (2) of Section 203(b), paragraph (2) of Section 203(c) and paragraph (2) of Section 203(d) and (ii) the allocation and apportionment provi…

(35 ILCS 5/208) (from Ch. 120, par. 2-208) Sec. 208. Tax credit for residential real property taxes. Beginning with tax years ending on or after December 31, 1991, every individual taxpayer shall be entitled to a tax credit equal to 5% of real property taxes paid by such taxpayer…

(35 ILCS 5/209) Sec. 209. Tax Credit for "TECH-PREP" youth vocational programs. (a) Beginning with tax years ending on or after June 30, 1995, every taxpayer who is primarily engaged in manufacturing is allowed a credit against the tax imposed by subsections (a) and (b) of Sectio…

(35 ILCS 5/210) Sec. 210. Dependent care assistance program tax credit. (a) Beginning with tax years ending on or after June 30, 1995, each taxpayer who is primarily engaged in manufacturing is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201…

(35 ILCS 5/210.5) Sec. 210.5. Tax credit for employee child care. (a) Each corporate taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 in an amount equal to (i) for taxable years ending on or after December 31, 2000 and on or befor…

(35 ILCS 5/211) Sec. 211. Economic Development for a Growing Economy Tax Credit. For tax years beginning on or after January 1, 1999, a Taxpayer who has entered into an Agreement (including a New Construction EDGE Agreement) under the Economic Development for a Growing Economy Ta…

(35 ILCS 5/212) Sec. 212. Earned income tax credit. (a) With respect to the federal earned income tax credit allowed for the taxable year under Section 32 of the federal Internal Revenue Code, 26 U.S.C. 32, each individual taxpayer is entitled to a credit against the tax imposed …

(35 ILCS 5/213) Sec. 213. Film production services credit. (a) For tax years beginning on or after January 1, 2004, a taxpayer who has been awarded a tax credit under the Film Production Services Tax Credit Act or under the Film Production Services Tax Credit Act of 2008 is entit…

(35 ILCS 5/214) Sec. 214. Tax credit for affordable housing donations. (a) Beginning with taxable years ending on or after December 31, 2001 and until the taxable year ending on December 31, 2036, a taxpayer who makes a donation under Section 7.28 of the Illinois Housing Developm…

(35 ILCS 5/216) Sec. 216. Credit for wages paid to returning citizens. (a) For each taxable year beginning on or after January 1, 2007, each taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 201 of this Act in an amount equal to 5% of …

(35 ILCS 5/217) Sec. 217. Credit for wages paid to qualified veterans. (a) For each taxable year beginning on or after January 1, 2007 and ending on or before December 30, 2010, each taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Section 20…

(35 ILCS 5/217.1) Sec. 217.1. Credit for wages paid to qualified unemployed veterans. (a) For each taxable year ending on or after December 31, 2012 and on or before December 31, 2016, each taxpayer is entitled to a credit against the tax imposed by subsections (a) and (b) of Sec…

(35 ILCS 5/218) Sec. 218. Credit for student-assistance contributions. (a) For taxable years ending on or after December 31, 2009 and on or before December 31, 2029, each taxpayer who, during the taxable year, makes a contribution (i) to a specified individual College Savings Poo…

(35 ILCS 5/219) Sec. 219. Historic preservation credit. For tax years beginning on or after January 1, 2010 and ending on or before December 31, 2015, a taxpayer who qualifies for a credit under the Historic Preservation Tax Credit Pilot Program Act is entitled to a credit agains…

(35 ILCS 5/220) Sec. 220. Angel investment credit. (a) As used in this Section: "Applicant" means a corporation, partnership, limited liability company, or a natural person that makes an investment in a qualified new business venture. The term "applicant" does not include (i) a c…

(35 ILCS 5/221) Sec. 221. Rehabilitation costs; qualified historic properties; River Edge Redevelopment Zone. (a) For taxable years that begin on or after January 1, 2012 and begin prior to January 1, 2018, there shall be allowed a tax credit against the tax imposed by subsection…

(35 ILCS 5/222) Sec. 222. Live theater production credit. (a) For tax years beginning on or after January 1, 2012 and beginning prior to January 1, 2039, a taxpayer who has received a tax credit award under the Live Theater Production Tax Credit Act for a long-run production, a p…

(35 ILCS 5/223) Sec. 223. Hospital credit. (a) For tax years ending on or after December 31, 2012 and ending on or before December 31, 2027, a taxpayer that is the owner of a hospital licensed under the Hospital Licensing Act, but not including an organization that is exempt from…

(35 ILCS 5/224) Sec. 224. Invest in Kids credit. (a) For taxable years beginning on or after January 1, 2018 and ending before January 1, 2024, each taxpayer for whom a tax credit has been awarded by the Department under the Invest in Kids Act is entitled to a credit against the …