IDOR-TAX PREPARERS Senate SponsorsSen. Terry Link 1/10/2017SenateSession Sine Die New Act35 ILCS 5/503from Ch. 120, par. 5-503Creates the State Tax Preparer Oversight Act. Provides that, for taxable years beginning on or after January 1, 2017, the Department of Revenue shall require any income tax return preparer to include his or her PTIN on any tax return prepared by the income tax return preparer and filed under the Illinois Income Tax Act or any claim for refund of tax imposed by the Illinois Income Tax Act. Provides that the Department shall develop a program using the PTIN as an oversight mechanism to assess returns, to identify high error rates, patterns of suspected fraud, and unsubstantiated basis for tax positions by income tax return preparers. Provides that the Department may bar or suspend an income tax return preparer for good cause. Contains provisions concerning penalties and enforcement. Amends the Illinois Income Tax Act to make conforming changes. 2/9/2016SenateFiled with Secretary by Sen. Terry Link 2/9/2016SenateFirst Reading 2/9/2016SenateReferred to Assignments 2/17/2016SenateAssigned to Revenue 3/16/2016SenatePostponed - Revenue 4/6/2016SenatePostponed - Revenue 4/8/2016SenateRule 3-9(a) / Re-referred to Assignments 1/10/2017SenateSession Sine Die