Synopsis As Introduced Amends the Retailers' Occupation Tax Act. Provides that, subject to certain restrictions, if the Department of Revenue may disclose confidential financial information to a municipality or county, then the Department of Revenue may also disclose that financial information to an independent third party who is authorized in writing by that municipality or county to receive the information. Effective immediately.
House Committee Amendment No. 2 In a provision of the introduced bill providing that the third party may use the financial information only for the purpose of providing services to the municipality and may not use the information for any other purpose, specifies that the third party may not use the information to verify the accuracy of amounts indicated on returns submitted to the Department of Revenue by a taxpayer. Provides, however, that the third party may verify the accuracy of amounts remitted to the municipality, except as otherwise prohibited by law..