805 ILCS 5/14.01
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 14 - Reports

 (from Ch. 32, par. 14.01)Sec. 14.01.         Statement of election to establish an extended filing  month.(a) Each domestic corporation and each foreign corporation authorized  to transact business in this State, having reported on its last annual  report, or articles of incorporation in the case of a domestic corporation,  or application for certificate of authority in the case of a foreign  corporation, an amount less than 100% of its paid-in capital represented in  Illinois, may make an irrevocable, one time election to establish an  extended filing month for the purpose of filing annual reports for all  subsequent taxable years by filing pursuant to Section 1.10 within the time  prescribed by subsection (c) of this Section, a statement setting forth:(1) The name of the corporation.(2) The file number of the corporation as assigned by     the Secretary of State.(3) The state or country under whose laws it was     organized, the date of incorporation or the date of the issuance of its certificate of authority, if a foreign corporation.(4) The date of the fiscal year end immediately     preceding this election.(5) The extended filing month, which month may be any     month in 1991 or a subsequent year which is one of the 9 months consecutively following the end of the corporation's fiscal year, except that such month may not be one of the 2 months immediately preceding the corporation's anniversary month.Notwithstanding the foregoing, a corporation whose     fiscal year ends within the 2 months immediately preceding its anniversary month may not elect an extended filing month.(b) The statement of election shall be accompanied by an interim annual  report which shall set forth, as of the date of filing of the statement,  all of the information required pursuant to Section 14.05 of this Act to be  included in the annual report except that the information required by  subparagraph (h) of Section 14.05 shall be the amounts represented in this  State as disclosed by the preceding annual report or if no annual report is  on file, from information contained in the articles of incorporation of a  domestic corporation or the application for certificate of authority in the  case of a foreign corporation.(c) The statement of election and interim annual report referred to in  this Section, together with all fees, taxes and charges as prescribed by  this Act and prorated in accordance with Section 15.45 or 15.75, shall be  delivered to the Secretary of State within 60 days immediately preceding  the first day of the anniversary month of the corporation in 1991 or any  subsequent year. Proof to the satisfaction of the Secretary of State that  prior to the first day of the anniversary month of the corporation such  statement of election and interim annual report together with all fees,  taxes and charges as prescribed by this Act, were deposited in the United  States mail in a sealed envelope, properly addressed, with postage prepaid,  shall be deemed a compliance with this requirement. If the Secretary of  State finds that such statement and reports conform to the requirements of  this Act, he or she shall file the same. If he or she finds that they do  not so conform, he or she shall promptly return the same to the corporation  for any necessary corrections, in which event the penalties hereinafter  prescribed for failure to file such report within the time hereinabove  provided shall not apply if such statement, if applicable, and report are  corrected to conform to the requirements of this Act and returned to the  Secretary of State within 30 days of the date the report was returned for  corrections.(d) Subsequent to the filing of the statement of election and the  interim annual report, the corporation shall file within 60 days prior to the  extended filing month a final transition annual report reflecting the factual  information required by Section 14.05, and must pay the appropriate fees  and franchise taxes due, if any, or set forth the amount of any overpayment  to be credited against any other taxes applicable under this Act which may  thereafter be payable, in each case based on any difference which may exist  between its interim annual report and its final transition annual report.  Compliance with this Section establishes a new reporting period for  documents required under Article 14 of this Act.    (Source: P.A. 86-985.)