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Corporate Tax

11 October 2019
Fred M Ackerson Illinois amnesty programmes now underway

USA - McDermott Will & Emery

The Illinois Department of Revenue has begun a new amnesty programme, which is running from 1 October 2019 to 15 November 2019. All taxes paid to the Illinois Department of Revenue for taxable periods ending after 30 June 2011 and before 1 July 2018 are eligible for amnesty with relief from penalties and interest. In light of the phase-out of the corporate franchise tax by 1 January 2024 (enacted by Public Act 101-9), participants in the amnesty programme should proceed with extreme caution.

Authors: Fred M Ackerson, Lauren A Ferrante, Mary Kay McCalla Martire
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