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Proposed Rules

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Update sections 101 and 105 of the Amnesty Program

86 Ill. Adm. Code 520 - Sections 520.101, 520.105

This rulemaking updates sections 101 and 105 of the Amnesty Program rules to accommodate the new amnesty program running October 1 through November 17, 2025

  • 1st Notice Begins: 08/22/2025
  • 1st Notice Ends: 10/06/2025
  • 2nd Notice Submitted: 
  • Formal JCAR Meeting: 
  • Final Rule: 

Investment Income Apportionment & Small Loan Company Limit Updates

86 Ill. Adm. Code 100 - Sections 100.3405, 100.9710

This rulemaking changes the apportionment method for investment income of financial organizations as provided in Public Act 103-0592. This rulemaking also updates the limit for a small loan company and various other references and citations.

  • 1st Notice Begins: 05/30/2025
  • 1st Notice Ends: 07/14/2025
  • 2nd Notice Submitted: 07/21/2025
  • Formal JCAR Meeting: 08/13/2025
  • Final Rule: 09/12/2025

Electronic Signatures

86 III. Adm. Code 120 - 120.5

Section 120.5 will be amended to provide that electronic signatures affixed to electronically transmitted transfer declarations are as legally binding as handwritten signatures. It will eliminate unnecessary language describing forms for transfers that occurred prior to 2000 and between 2000 and 2004.

  • 1st Notice Begins: 05/02/2025
  • 1st Notice Ends: 06/16/2025
  • 2nd Notice Submitted: 07/24/2025
  • Formal JCAR Meeting: 08/13/2025
  • Final Rule: 09/18/2025

Imposes Retailers’ Occupation Tax on leases of tangible personal property

86 III. Adm. Code 130 - 130.101, 130.102, 130.103, 130.110, 130.115, 130.201, 130.205, 130.210, 130.220, 130.305, 130.311, 130.330, 130.340, 130.350, 130.351, 130.454, 130.455, 130.1934, 130.1946, 130.1947, 130.1948, 130.1957, 130.2010, 130.2011, 130.2012, 130.2013, 130.ILLUSTRATION E

This rulemaking amends Part 130, Retailers’ Occupation Tax, to implement Article 75 of Public Act 103-592 which imposes Retailers’ Occupation Tax on leases of tangible personal property beginning January 1, 2025. This change does not apply to leases of motor vehicles, watercraft, aircraft, and semitrailers, as defined in Section 1-187 of the Illinois Vehicle Code, that are required to be registered with an agency of this State.

This rulemaking also implements Public Act 98-628 which provides that the taxable “selling price” of first division and certain second division motor vehicles sold incident to the contemporaneous long-term lease of those motor vehicles is equal to the amount due under the lease contract rather than the amount the lessor pays the seller for the motor vehicle.

  • 1st Notice Begins: 05/16/2025
  • 1st Notice Ends: 06/30/2025
  • 2nd Notice Submitted:
  • Formal JCAR Meeting: 
  • Final Rule:

Implementing the Property Tax Code

86 Ill. Adm. Code 110
 

The proposed rule (i.e., amendment to Section 110.160) is required under Section 2-10 of the Property Tax Code (35 ILCS 200/2-10) (Section 2-10). Section 2-10 requires the Illinois Department of Revenue (IDOR) to promulgate multi-township assessment districts (MTADs) every ten years. Certification of these new MTADs was made by February 1, 2024 for election purposes. In order to comply with Section 2-10, this rulemaking updates 86 Ill. Adm. Code 110.160 (Section 110.160).

  • 1st Notice Begins: 6/13/25
  • 1st Notice Ends: 6/27/2025

 

For more information or questions, please email rev.gco@illinois.gov.