The Act allows Illinois municipalities and counties (collectively, localities) to contract with private third-party auditors to review and monitor whether the Department of Revenue is correctly disbursing local sales tax (retailers’ occupation tax and service occupation tax) collected on behalf of Illinois localities.2
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- 50 ILCS 355/1-1 et seq.
- Among other things, under the Act, third-party auditors must register with the DOR and pay an annual fee of $15,000. 50 ILCS 355/5-30(a).