Ill. Admin. Code tit. 86, § 1050.400 – Electronic Notice and Filing Requirements; Books and Records | Midpage
§ 1050.400
Ill. Admin. Code tit. 86, § 1050.400
Electronic Notice and Filing Requirements; Books and Records
AUTHORITY: Implemented and Authorized by Section 170-35 of the Illinois Gives Tax Credit Act [35 ILCS 60/170-35].DEPARTMENT OF REVENUE
a) Unless otherwise provided, all applications, notices, filings, certificates, or other documents required by this Part to be submitted to or issued by the Department shall be made by electronic means.
b) Permanent endowment funds and taxpayers shall maintain books and records under this Part and make them available upon request by the Department.
c) Permanent endowment funds shall maintain their books and records for no less than three years. Taxpayers shall maintain their books and records in accordance with the Illinois Income Tax Act and regulations promulgated thereunder.