Illinois - New tax incentive filing requirements 

March 14: Taxpayers that fail to file certain new reports with the Illinois Department of Revenue by May 29, 2013, will not be able to claim certain business incentives.

Last year, legislation (SB 3616, signed August 7, 2012) was enacted in Illinois to require certain businesses to report information to the Illinois Department of Revenue. The reported information will be used by the Revenue Department to calculate incentives for the business.

Reporting requirements

Specifically, the new law imposes three distinct reporting requirements:


  • Enterprise and river-edge redevelopment zone administrators must report certain information currently received from zone employers.
  • Businesses that receive incentives through the enterprise or river-edge redevelopment zone, or “high impact business” program must report certain information.
  • Certain utility companies must report information on customers if requested by the Department of Revenue.

Due date

All reports must be filed through the Revenue Department’s online reporting system, Webfile, and are generally due no later than March 30.


The March 30 deadline applies regardless of whether the taxpayer is a calendar-year or fiscal-year filer. However, this year the Department is granting businesses an automatic 60-day extension to file reports—thus, 2012 reports will be due no later than May 29, 2013. This automatic extension does not apply to reports required to be filed by zone administrators or utility companies. As such, these companies must file reports by March 30 or apply for an extension.

Businesses that do not file a report will be ineligible to receive incentives.

Read more about the information reporting requirement, including data needed on a report, on the Department’s website.



For more information, contact a KPMG State and Local Tax professional:


Michelle Kitch

312-665-3456


Aneeqa Virgil

312-665-2681




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