Illinois Compiled Statutes 50 ILCS 355/10-5 – Findings
Current as of: 2024 | Check for updates
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The General Assembly finds that:
(1) Voluntary compliance is the cornerstone of an
(1) Voluntary compliance is the cornerstone of an
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effective tax system.
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(2) Despite attempts by the General Assembly, State
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taxes are not simple.
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(3) Even the most diligent taxpayers, through mistake
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or inadvertence, may not pay all taxes due.
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(4) The Department lacks the resources to audit the
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compliance of all taxpayers.
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(5) Illinois certified public accountants provide
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valuable advice and assistance to Illinois taxpayers on State tax issues.
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(6) A pilot program establishing a partnership
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between taxpayers, Illinois certified public accountants, and the Department will provide guidance to taxpayers and enhance voluntary compliance.
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(7) A pilot project to establish a certified audit
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program to address underpayment of local occupation and use taxes would address concerns raised by units of local government.
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Terms Used In Illinois Compiled Statutes 50 ILCS 355/10-5
- Audit: means an agreed-upon procedures engagement in accordance with Statements on Standards for Attestation Engagements (AICPA Professional Standards, AT-C Section 315 (Compliance Attestation)). See Illinois Compiled Statutes 50 ILCS 355/10-15
- Department: means the Department of Revenue. See Illinois Compiled Statutes 50 ILCS 355/10-15
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
- Units of local government: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.28