Ill. Admin. Code tit. 86, § 511.130 – Transfer of Credit Memorandum | Midpage
§ 511.130
Ill. Admin. Code tit. 86, § 511.130
Transfer of Credit Memorandum
AUTHORITY: Implementing and authorized by Section 2-14 of the Electricity Excise Tax Law [35 ILCS 640].DEPARTMENT OF REVENUE
a) Any credit memorandum issued under the tax imposed by Section 2 of the Public Utilities Revenue Act may be applied against liability incurred under the Electricity Excise Tax Law.
b) Any credit memorandum issued under the Electricity Excise Tax Law may be applied against any liability incurred under the tax imposed by Section 2 of the Public Utilities Revenue Act. [35 ILCS 640/2-12]