86 Ill. Adm. Code 130.820 — Preservation of Books During Pendency of Assessment Proceedings

# Preservation of Books During Pendency of Assessment Proceedings

TITLE 86: REVENUE CHAPTER I: DEPARTMENT OF REVENUE PART 130 RETAILERS' OCCUPATION TAX SECTION 130.820 PRESERVATION OF BOOKS DURING PENDENCY OF ASSESSMENT PROCEEDINGS

Section 130.820 Preservation of Books During Pendency of Assessment Proceedings If a notice of tax liability has been issued, and if the questions raised by such notice have not been completely disposed of, books and records reflecting receipts received during the period covered by such notice of tax liability must be preserved until the termination of all proceedings before the Department or any other legal proceeding is concluded. (Source: Amended at 49 Ill. Reg. 2107, effective February 5, 2025)

Section 130.820 Preservation of Books During Pendency of Assessment Proceedings

If a notice of tax liability has been issued, and if the questions raised by such notice have not been completely disposed of, books and records reflecting receipts received during the period covered by such notice of tax liability must be preserved until the termination of all proceedings before the Department or any other legal proceeding is concluded.

(Source: Amended at 49 Ill. Reg. 2107, effective February 5, 2025)