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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB2774 Introduced 1/30/2014, by Sen. Terry Link SYNOPSIS AS INTRODUCED:
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Amends the Illinois Public Accounting Act. Provides that the Department of Financial and Professional Regulation shall convene a task force in order to prepare a report that determines the appropriate scope of a program for regulating tax return preparers, addresses the appropriate qualifications for tax return preparers, and considers any other matters that the task force determines to be necessary or appropriate. Requires that the report be submitted no later than September 1, 2015 to the Secretary of Financial and Professional Regulation, the Governor, the Speaker of the House of Representatives, and the President of the Senate. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB2774 | | LRB098 17851 ZMM 52975 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Public Accounting Act is amended by |
| 5 | | adding Section 30.9 as follows:
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| 6 | | (225 ILCS 450/30.9 new) |
| 7 | | Sec. 30.9. Tax return preparation task force. The |
| 8 | | Department shall convene a task force consisting of |
| 9 | | representatives from the Department, Board of Examiners, a |
| 10 | | statewide association representing CPAs, and enrolled agents |
| 11 | | and representatives of the tax return preparation industry in |
| 12 | | order to prepare a report that does the following: determines |
| 13 | | the appropriate scope of a program for regulating tax return |
| 14 | | preparers and commercial tax return preparers; addresses the |
| 15 | | appropriate qualifications, including, but not limited to, |
| 16 | | minimum educational qualifications and continuing educational |
| 17 | | requirements for tax return preparers; and considers any other |
| 18 | | matters the task force determines to be necessary or |
| 19 | | appropriate. The report required under this Section shall be |
| 20 | | submitted by no later than September 1, 2015 to the Secretary |
| 21 | | of Financial and Professional Regulation, the Governor, the |
| 22 | | Speaker of the House of Representatives, and the President of |
| 23 | | the Senate.
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