By Prairie State Wire |
Jan 23, 2022
The Local Government Revenue Recapture Act has been enacted to ensure that local governments in Illinois, including municipalities and counties, receive accurate tax disbursements from the Illinois Department of Revenue (IDOR). The Act allows these local entities to contract with registered third parties to verify the accuracy of their tax receipts from IDOR. Additionally, it mandates IDOR to create the Local Government Revenue Recapture Certified Audit Program, addressing concerns about proper reporting and payment of local occupation and use taxes.