Bill Text: IL SB2774 | 2013-2014 | 98th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Illinois Public Accounting Act. Provides that the Department of Financial and Professional Regulation shall convene a task force in order to prepare a report that determines the appropriate scope of a program for regulating tax return preparers, addresses the appropriate qualifications for tax return preparers, and considers any other matters that the task force determines to be necessary or appropriate. Requires that the report be submitted no later than September 1, 2015 to the Secretary of Financial and Professional Regulation, the Governor, the Speaker of the House of Representatives, and the President of the Senate. Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2015-01-12 - Public Act . . . . . . . . . 98-1173 [SB2774 Detail]

Download: Illinois-2013-SB2774-Amended.html

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Sen. Terry Link

Filed: 4/1/2014

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AMENDMENT TO SENATE BILL 2774
AMENDMENT NO. ______. Amend Senate Bill 2774, AS AMENDED,
by replacing everything after the enacting clause with the
following:
"Section 5. The Illinois Public Accounting Act is amended
by adding Section 30.9 as follows:
(225 ILCS 450/30.9 new)
Sec. 30.9. Tax return preparation task force. The
Department shall convene a task force consisting of 8 members,
one of whom shall be appointed by the Department and be a
representative of the Department; one of whom shall be
appointed by the Department and be a representative of a
statewide association representing CPAs; one of whom shall be
appointed by the Department and be an enrolled agent or
representative of the tax return preparation industry; one of
whom shall be the Director of Revenue or his or her designee;

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one of whom shall be appointed by the majority caucus leader of
the House of Representatives; one of whom shall be appointed by
the majority caucus leader of the Senate; one of whom shall be
appointed by the minority caucus leader of the House of
Representatives; and one of whom shall be appointed by the
minority caucus leader of the Senate. The task force shall
prepare a report that does the following: determines the
appropriate scope of a program for regulating commercial tax
return preparers; addresses the appropriate qualifications,
including, but not limited to, minimum educational
qualifications and continuing educational requirements for
commercial tax return preparers; and considers any other
matters the task force determines to be necessary or
appropriate. The task force shall meet no less than 3 times
before the end of the year in which this amendatory Act of the
98th General Assembly becomes effective. The report required
under this Section shall be submitted by no later than December
1, 2015 to the Secretary of Financial and Professional
Regulation, the Governor, the Speaker of the House of
Representatives, and the President of the Senate. Members of
the task force shall receive no compensation, but shall be
reimbursed for expenses necessarily incurred in the
performance of their duties.
This Section is repealed July 1, 2016.
Section 99. Effective date. This Act takes effect upon

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becoming law.".