Sec. 2505-640. Collection of taxes of other states.

147 words·~1 min read·/il/chapter-20/act-2505/2505-640

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The Department may enter into agreements with any other state for the reciprocal collection by the Department pursuant to the Reciprocal Tax Collection Act of taxes owed to that state and collection by the other state pursuant to a provision of its law similar to the Reciprocal Tax Collection Act of taxes owed to this State.

(b)An agreement under this Section shall contain provisions relating to:

(1)safeguards against the disclosure or inappropriate use of any information that

identifies, directly or indirectly, a particular taxpayer obtained or maintained pursuant to the agreement, or that is required to be kept confidential under the applicable laws of either state or of the United States; and

(2)a minimum threshold for the amount of taxes owed by a taxpayer to a state that would

trigger the operation of the agreement.