7. Amount of tax (computed upon Item 6);

8. Such other reasonable information as the Department may require.

Any taxpayer required to make payments under this Section may make the
payments by electronic funds transfer.  The Department shall adopt
rules
necessary to effectuate a program of electronic funds transfer.
Any taxpayer who has average monthly tax billings due to the Department under
this Act and the Simplified Municipal Telecommunications Tax Act that exceed
$1,000 shall
make all payments by electronic funds transfer as required by rules of the
Department and shall file the return required by this Section by electronic
means as required by rules of the Department.

If the retailer's average monthly tax billings due to the Department under
this Act and the Simplified Municipal Telecommunications Tax Act do
not exceed $1,000, the Department may authorize his returns to be
filed on a
quarter annual basis, with the return for January, February and March of a
given year being due by April 30 of such year; with the return for
April,
May and June of a given year being due by July 31st of such year;
with
the
return for July, August and September of a given year being due by October
31st of such year; and with the return of October, November and
December of a
given year being due by January 31st of the following year.

If the retailer is otherwise required to file a monthly or quarterly return
and if the retailer's average monthly tax billings due to the Department
under this Act and the Simplified Municipal Telecommunications Tax Act do
not
exceed $400, the Department may authorize his or her return to be
filed on an annual basis, with the return for a given year being due by January
31st of the following year.

Notwithstanding any other provision of this Article containing the time
within which a retailer may file his return, in the case of any retailer
who ceases to engage in a kind of business which makes him responsible for
filing returns under this Article, such retailer shall file a final return
under this Article with the Department not more than one month after
discontinuing such business.

In making such return, the retailer shall determine the value of any
consideration other than money received by him and he shall include such
value in his return.  Such determination shall be subject to review and
revision by the Department in the manner hereinafter provided for the
correction of returns.

Each retailer whose average monthly liability to the Department under
this Article and the Simplified Municipal Telecommunications Tax Act was
$25,000 or more during the preceding calendar year, excluding
the month of highest liability and the month of lowest liability in such
calendar year, and who is not operated by a unit of local government,
shall make estimated payments to the Department on or before the 7th, 15th,
22nd and last day of the month during which tax collection liability to the
Department is incurred in an amount not less than the lower of either 22.5%
of the retailer's actual tax collections for the month or 25% of the
retailer's actual tax collections for the same calendar month of the
preceding year.  The amount of such quarter monthly payments shall be
credited against the final liability of the retailer's return for that
month.  Any outstanding credit, approved by the Department, arising from
the retailer's overpayment of its final liability for any month may be
applied to reduce the amount of any subsequent quarter monthly payment or
credited against the final liability of the retailer's return for any
subsequent month.  If any quarter monthly payment is not paid at the time
or in the amount required by this Section, the retailer shall be liable for
penalty and interest on the difference between the minimum amount due as a
payment and the amount of such payment actually and timely paid, except
insofar as the retailer has previously made payments for that month to the
Department in excess of the minimum payments previously due.

The retailer making the return herein provided for shall, at the time of
making such return, pay to the Department the amount of tax herein imposed,
less a discount of 1% which is allowed to reimburse the retailer for the
expenses incurred in keeping records, billing the customer, preparing and
filing returns, remitting the tax, and supplying data to the Department upon
request.  No discount may be claimed by a retailer on returns not timely filed
and for taxes not timely
remitted.

If any payment provided for in this Section exceeds the retailer's liabilities under this Act, as shown on an original return, the Department may authorize the retailer to credit such excess payment against liability subsequently to be remitted to the Department under this Act, in accordance with reasonable rules adopted by the Department. If the Department subsequently determines that all or any part of the credit taken was not actually due to the retailer, the retailer's discount shall be reduced by an amount equal to the difference between the discount as applied to the credit taken and that actually due, and that retailer shall be liable for penalties and interest on such difference.

On and after the effective date of this Article of 1985,

of the moneys received by the Department of Revenue pursuant to this
Article, other than moneys received pursuant to the additional
taxes imposed
by Public Act 90-548:

(1) $1,000,000 shall be paid each month into the Common School Fund;
(2) beginning on the first day of the first calendar month to occur on or after the