Ill. Admin. Code tit. 86, pt. 850

Local Government Revenue Recapture Act and Certified Audit Pilot Program

AUTHORITY: Implementing the Local Government Revenue Recapture Act [50 ILCS 355] authorized by Sections 2505-25 and 2505-795 of the Civil Administrative Code of Illinois (Department of Revenue Law) [20 ILCS 2505/2505-25] and [20 ILCS 2505/2505-795]. SOURCE: Adopted at 47 Ill. Reg. 14822, effective October 4, 2023.DEPARTMENT OF REVENUE

850.101Overview of the Local Government Revenue Recapture Act 850.105Nature and Scope of Certified Audit Pilot Program 850.110Definitions 850.115Participation in the Certified Audit Pilot Program 850.120Third Party Requirements 850.125Confidentiality Requirements for Third Parties 850.130Registration of Third Parties 850.135Qualified Practitioner Requirements 850.140Qualified Practitioner Registration and Training 850.145Examination 850.150Revocation of Qualified Practitioner Registration 850.155Notice of Engagement and Agreed-Upon Procedures 850.160Submission and Review of the Certified Audit Report 850.165Revocation of a Certified Audit in Progress 850.170Withdrawal from Certified Audit Pilot Program 850.175Extension of Audit Timeframe 850.180A Certified Audit is Initiated by the Taxpayer but not Completed 850.185Certified Audit Report Not Submitted Within Audit Timeframe 850.190Independence 850.195Penalties 850.200Detrimental Reliance