Ill. Admin. Code tit. 86 § 500.330

Current through Register Vol. 48, No. 44, November 1, 2024

Section 500.330 - Cancellation of License

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.

Ill. Admin. Code tit. 86, § 500.330

Amended at 36 Ill. Reg. 6677, effective April 12, 2012