Illinois Compiled Statutes 205 ILCS 405 Currency Exchange Act. Section 3.1

    (205 ILCS 405/3.1) (from Ch. 17, par. 4805)

    Sec. 3.1. Nothing in this Act shall prevent a currency exchange from rendering State or Federal income tax service; nor shall the rendering of such service be considered a violation of this Act if such service be rendered either by the proprietor, any of his employees, or a licensed, regulated tax service approved by the Internal Revenue Service. For the purpose of this Section, "tax service" does not mean to make or offer to make a refund anticipation loan as defined by the Tax Refund Anticipation Loan Reform Act.

(Source: P.A. 97-315, eff. 1-1-12; 97-849, eff. 1-1-13.)

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Last modified: February 18, 2015