(35 ILCS 735/3-8)
(from Ch. 120, par. 2603-8)
No penalties if reasonable cause exists.
The penalties imposed
under the provisions of Sections 3-3, 3-4, 3-5, and 3-7.5
of this Act shall not apply if the taxpayer shows that his failure to file a
return or pay tax at the
required time was due to reasonable cause. Reasonable cause shall be
determined in each situation in accordance with the rules and regulations
promulgated by the Department. A taxpayer may protest the imposition of a
penalty under Section 3-3, 3-4, 3-5, or 3-7.5 on the basis
of reasonable cause without
protesting the underlying tax liability.
(Source: P.A. 91-803, eff. 1-1-01.)