(35 ILCS 5/601.1) (Ch. 120, par. 6-601.1)
Sec. 601.1.
Payment by electronic funds transfer.
(a) Beginning on October 1, 1993,
a taxpayer who has an average monthly tax liability of $150,000
or more under Article 7 of this Act shall make all payments required
by rules of the Department by electronic funds transfer. Beginning October
1, 1993, a taxpayer who
has an average quarterly estimated tax payment obligation of $450,000 or
more under Article 8 of this Act shall make all payments required by
rules of the Department by electronic funds
transfer. Beginning on October 1, 1994,
a taxpayer who has an average monthly tax liability of $100,000
or more under Article 7 of this Act shall make all payments required
by rules of the Department by electronic funds transfer. Beginning October
1, 1994, a taxpayer who
has an average quarterly estimated tax payment obligation of $300,000 or
more under Article 8 of this Act shall make all
payments required by rules of the Department by electronic funds
transfer. Beginning on October 1, 1995,
a taxpayer who has an average monthly tax liability of $50,000 or
more under Article 7 of this Act shall make all payments required by
rules of the Department by electronic funds transfer. Beginning October 1,
1995, a taxpayer who has
an average quarterly estimated tax payment obligation of $150,000 or more
under Article 8 of this Act shall make all payments required by rules
of the Department by electronic
funds transfer.
Beginning on October 1, 2000, and for all liability periods thereafter, a
taxpayer who has an average annual tax liability of $200,000 or more under
Article 7 of this Act shall make all payments required by rules of the
Department by electronic funds transfer. Beginning October 1, 2000, a taxpayer
who has an average quarterly estimated tax payment obligation of $50,000 or
more under Article 8 of this Act shall make all payments required by rules of
the Department by electronic funds transfer.
Beginning on October 1, 2002, a taxpayer who has a tax liability in the
amount set forth in subsection (b) of Section 2505-210 of the Department of
Revenue Law shall make all payments required by rules of the Department by
electronic funds transfer.
Beginning on October 1, 2002, a taxpayer who has a tax liability in the
amount set forth in subsection (b) of Section 2505-210 of the Department of
Revenue Law shall make all payments required by rules of the Department by
electronic funds transfer.
(b) Any taxpayer
who is not required to make payments by electronic funds transfer may make
payments by electronic funds transfer with the
permission of the Department.
(c) All taxpayers required to make payments by electronic funds
transfer and any taxpayers who wish to voluntarily make payments by
electronic funds transfer shall make those payments in the manner authorized
by the Department.
(d) The Department shall notify all taxpayers required to make payments
by electronic funds transfer. All
taxpayers notified by the Department shall
make payments by electronic funds transfer for a minimum of one year
beginning on October 1. In determining the threshold amounts under
subsection (a), the Department shall calculate the averages as follows:
(1) the total liability under Article 7 for the |
(e) The Department shall adopt such rules as are necessary to
effectuate a program of electronic funds transfer and the requirements of
this Section.
(Source: P.A. 91-541, eff. 8-13-99; 92-492, eff. 1-1-02; 92-846, eff.
8-23-02.)
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