Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE86. REVENUE |
PART500. MOTOR FUEL TAX |
SUBPARTC. MOTOR FUEL USE TAX |
§500.330. Cancellation of License
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a) The Department may, at the request of a licensee or on its own initiative, cancel a license if the licensee has complied with all applicable provisions of the IFTA agreement, including the satisfaction of all reporting requirements and tax liabilities. A licensee shall make a request for cancellation by making a notation on its electronic return and indicating its final date of operations.
b) Upon cancellation, the carrier must destroy its original license and all copies, and decals.
c) A final audit may be conducted by the Department, or by any IFTA jurisdiction, upon cancellation of the license. When a license is cancelled, a carrier must retain all records for a period of four years from the due date of the final quarterly tax return.
(Source: Amended at 36 Ill. Reg. 6677, effective April 12, 2012)