IL SB2612

Establishes a Tax Compliance and Administration Fund to reimburse the Department of Revenue for costs of collecting and administering tax laws, with excess balances over $2,500,000 transferred annually to the General Revenue Fund beginning July 1, 2015.

Creates a Use and Occupation Tax Reform Task Force with 13 members to study modernizing Illinois sales and use taxes, including possible conversion to destination-based taxation, with findings due by January 1, 2016.

Directs monthly transfers of 1/12 of 5% of 80% of prior year tax receipts from Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act collections into the Tax Compliance and Administration Fund to fund additional Department of Revenue auditors and compliance personnel.

Applies identical tax compliance fund provisions to the Income Tax Act, Telecommunications Excise Tax Act, and Telecommunications Infrastructure Maintenance Fee Act.

Adds clarifying language to various tax acts regarding where retailers are deemed engaged in selling tangible personal property, including over-the-counter sales, phone/internet orders, vending machines, and mineral extraction locations.