Proposed Amendments to the Enterprise Zone Reporting Law
April 25, 2013Paul Berks, Deputy General CounselIllinois Department of Revenue
Reporting Deadlines Penalties Exemption Certificates Other Issues
Currently: March 30 with one 60 day free extensionfor business reporters. Proposed Change: Beginning in 2014, May 31deadline for all reporters.
Currently: failure to report “shall result in ineligibilityto receive exemptions” Proposed Change: Give Department authority topromulgate rules to allow for more graduated andnuanced penalty structure:inadvertence, mitigation, harm, etc …
Currently: Difficulty tracking of building materialssales tax exemptions. Proposed Change: those that receive certificatesentitling them to tax free purchases of buildingmaterials will have to report amount of purchases.
Exemption Certificates made available toapplicants, rather than directly provided to them Express authorization to secure FEINs to run checks onoutstanding debts Include building material exemption certificaterequirements for River Edge Redevelopment Zones
Is the data that administrators report to the Departmentworth the time and effort imposed on the administratorsto comply? Information used to check business reports and confirmnumbers. Redundant, but helpful.
Tax.illinois.gov (look for “EZ Reporting” Tab) E-mail address Last Resort: Call or e-mail me: PaulBerks, (312)814-4680 ;firstname.lastname@example.org