(35 ILCS 610/2a.2) (from Ch. 120, par. 467.2a.2)
Sec. 2a.2.
Annual return, collection and payment.
A return with
respect to the tax imposed by Section 2a.1 shall be made by every person
for any taxable period for which such person is liable for such tax.
Such return shall be made on such forms as the Department shall
prescribe and shall contain the following information:
1. Taxpayer's name;
2. Address of taxpayer's principal place of |
| business, and address of the principal place of business (if that is a different address) from which the taxpayer engages in the business of transmitting messages in this State;
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3. The total stockholder's equity and total
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| long-term debt as of the beginning and end of the taxable period as set forth on the balance sheets included in the taxpayer's annual report to the Illinois Commerce Commission, or as set forth on the balance sheets of the taxpayers similar to balance sheets which would be included in the taxpayer's annual report to the Illinois Commerce Commission if the filing of such an annual report were required (or total equity in the case of telephone cooperatives in the annual reports filed with the Rural Electrification Administration) for the taxable period;
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4. The taxpayer's base income allocable to Illinois
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| under Sections 301 and 304(a) of the "Illinois Income Tax Act", for the period covered by the return; and, where appropriate, the portion of such business derived from the business of transmitting messages in Illinois;
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5. The amount of tax due for the taxable period
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| (computed on the basis of the amounts set forth in Items 3 and 4); and
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6. Such other reasonable information as may be
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| required by forms or regulations prescribed by the Department.
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The returns prescribed by this Section shall be due and shall be
filed with the Department not later than the 15th day of the third
month following the close of the taxable period. The taxpayer making
the return herein provided for shall, at the time of making such return,
pay to the Department the remaining amount of tax herein imposed and due
for the taxable period. Each taxpayer shall make estimated quarterly
payments on the 15th day of the third, sixth, ninth and twelfth months of
each taxable period. Such estimated payments shall be 25% of the tax
liability for the immediately preceding taxable period or the tax liability
that would have been imposed in the immediately preceding taxable period if
this amendatory Act of 1979 had been in effect. All moneys received by the
Department under Sections 2a.1 and 2a.2 shall be paid into the Personal
Property Tax Replacement Fund in the State Treasury.
(Source: P.A. 87-205.)
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