Illinois Compiled Statutes (Tax)
35 ILCS 20/35-10
"Tax avoidance transaction" defined
Official textilga.gov
Sec. 35-10. "Tax avoidance transaction" defined. For purposes of this Law, the term "tax avoidance transaction" means a plan or arrangement devised for the principal purpose of avoiding federal income tax. Tax avoidance transactions include, but are not limited to, "listed transactions" as defined in Treasury Regulations Section 1.6011-4(b)(2). (Source: P.A. 93-840, eff. 7-30-04.)
Source: view the official text
Nearby sections (25 sections)
- 17/10-15 · Powers of the Department
- 17/10-20 · Tax credit award
- 17/10-25 · Application for certification of accredited theater…
- 17/10-30 · Review of application for accredited theater production…
- 17/10-35 · Training programs for skills in critical demand
- 17/10-40 · Issuance of Tax Credit Award Certificate
- 17/10-45 · Amount and payment of the tax credit award
- 17/10-50 · Live theater tax credit award program evaluation and reports
- 17/10-55 · Program terms and conditions
- 17/10-80 · (Amendatory provisions; text omitted)
- 20/35-1 · Short title
- 20/35-5 · Tax Shelter Voluntary Compliance Program
- 20/35-10 · "Tax avoidance transaction" defined
- 20/35-15 · Use of evidence of participation in the program
- 20/35-90 · (Amendatory provisions; text omitted)
- 20/99-99 · Effective date
- 25/1 · Short title
- 25/5 · Findings and purpose
- 25/10 · Definitions
- 25/15 · Powers of the Department
- 25/20 · Certificate of eligibility for tax credit
- 25/25 · Tax credit
- 25/30 · Maximum amount of credits allowed
- 25/35 · Application for award of tax credit; tax credit certificate
- 25/40 · Submission of tax credit certificate to Department of Revenue