SB2774 EngrossedLRB098 17851 ZMM 52975 b


  
1    AN ACT concerning regulation.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Illinois Public Accounting Act is amended  by 
5adding Section 30.9 as follows:
 
6    (225 ILCS 450/30.9 new)
7    Sec. 30.9. Tax return preparation task force. The 
8Department shall convene a task force consisting of 8 members, 
9one of whom shall be appointed by the Department and be a 
10representative of the Department; one of whom shall be 
11appointed by the Department and be a representative of a 
12statewide association representing CPAs; one of whom shall be 
13appointed by the Department and be an enrolled agent or 
14representative of the tax return preparation industry; one of 
15whom shall be the Director of Revenue or his or her designee; 
16one of whom shall be appointed by the majority caucus leader of 
17the House of Representatives; one of whom shall be appointed by 
18the majority caucus leader of the Senate; one of whom shall be 
19appointed by the minority caucus leader of the House of 
20Representatives; and one of whom shall be appointed by the 
21minority caucus leader of the Senate. The task force shall 
22prepare a report that does the following: determines the 
23appropriate scope of a program for regulating commercial tax 
 
 
SB2774 Engrossed- 2 -LRB098 17851 ZMM 52975 b

1return preparers; addresses the appropriate qualifications, 
2including, but not limited to, minimum educational 
3qualifications and continuing educational requirements for 
4commercial tax return preparers; and considers any other 
5matters the task force determines to be necessary or 
6appropriate. The task force shall meet no less than 3 times 
7before the end of the year in which this amendatory Act of the 
898th General Assembly becomes effective. The report required 
9under this Section shall be submitted by no later than December 
101, 2015 to the Secretary of Financial and Professional 
11Regulation, the Governor, the Speaker of the House of 
12Representatives, and the President of the Senate. Members of 
13the task force shall receive no compensation, but shall be 
14reimbursed for expenses necessarily incurred in the 
15performance of their duties.
16    This Section is repealed July 1, 2016.
  
 

17    Section 99. Effective date. This Act takes effect upon 
18becoming law.