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ILLINOIS REGISTER DEPARTMENT OF REVENUE NOTICE OF PROPOSED AMENDMENT 1)Heading of the Part: Retailers Occupation Tax2)Code Citation: 86 Ill. Adm. Code 1303)Section Number: 130.3404)Statutory Authority:
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The proposed rule concerning retailers outlines new regulations and guidelines that retailers must follow regarding their operations, reporting requirements, and compliance with industry standards.
All retailers that meet specific criteria as defined by the regulatory body are required to file the proposed rule concerning retailers.
Retailers should complete the proposed rule by following the provided instructions, which typically include submitting relevant information, documents, and compliance measures online or via paper forms.
The purpose of the proposed rule is to improve regulation, enhance transparency, and ensure that retailers operate within the legal frameworks designed to protect consumers and the market.
Retailers must report information such as business identification details, sales data, compliance measures, and any relevant operational practices that affect regulatory compliance.
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