State of Illinois
91^st General Assembly
Public Acts

Public Act 91-0841

HB1324 Enrolled                                LRB9103959PTpk

    AN ACT to amend the Illinois Income Tax Act  by  changing
Section 703.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The Illinois Income Tax  Act  is  amended  by
changing Section 703 as follows:

    (35 ILCS 5/703) (from Ch. 120, par. 7-703)
    Sec.  703. Information statement. Every employer required
to deduct and withhold tax under this Act  from  compensation
of  an employee, or who would have been required so to deduct
and withhold tax if the employee's withholding exemption were
not in excess of the basic amount in  Section  204(b),  shall
furnish  in duplicate to each such employee in respect of the
compensation paid by such employer to  such  employee  during
the  calendar  year on or before January 31 of the succeeding
year, or, if his employment is terminated before the close of
such calendar year, on the date on which the last payment  of
compensation is made, a written statement in such form as the
Department  may by regulation prescribe showing the amount of
compensation paid by the employer to the employee, the amount
deducted  and  withheld  as  tax,   the   tax-exempt   amount
contributed  to  a  medical  savings  account, and such other
information as the Department shall prescribe. A copy of such
statement shall be filed by the employee with his return  for
his  taxable  year  to  which it relates (as determined under
section 601(b) (1).
(Source: P.A. 90-613, eff. 7-9-98.)

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