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(e) Annually, a master sports wagering licensee shall transmit to the Board an audit of the financial transactions and condition of the licensee's total operations. Additionally, within 90 days after the end of each quarter of each fiscal year, the master sports wagering licensee shall transmit to the Board a compliance report on engagement procedures determined by the Board. All audits and compliance engagements shall be conducted by certified public accountants selected by the Board. Each certified public accountant must be registered in the State of Illinois under the Illinois Public Accounting Act. The compensation for each certified public accountant shall be paid directly by the master sports wagering licensee to the certified public accountant. (Source: P.A. 103-592, eff. 6-7-24; 104-6, eff. 6-16-25.) ARTICLE 135 Section 135-5. The Illinois Income Tax Act is amended by changing Section 201 as follows: (35 ILCS 5/201) Sec. 201. Tax imposed. (a) In general. A tax measured by net income is hereby imposed on every individual, corporation, trust and estate for each taxable year ending after July 31, 1969 on the privilege of earning or receiving income in or as a resident of this SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468