Bill Text: IL HB3250 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax checkoff for contributions to a qualified veterans home fund. Provides that "qualified veterans home fund" means any of the following: (i) the LaSalle Veterans Home Fund; (ii) the Anna Veterans Home Fund; (iii) the Manteno Veterans Home Fund; or (iv) the Quincy Veterans Home Fund. Effective immediately.
Sponsorship: Partisan Bill (Republican 3)
Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3250 Detail]
Download: Illinois-2019-HB3250-Introduced.html
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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Income Tax Act is amended by adding | ||||||||||||||||||||||||
| 5 | Section 507JJJ as follows:
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| 6 | (35 ILCS 5/507JJJ new) | ||||||||||||||||||||||||
| 7 | Sec. 507JJJ. Veterans homes checkoff. For taxable years | ||||||||||||||||||||||||
| 8 | ending on or after December 31, 2019, the Department must print | ||||||||||||||||||||||||
| 9 | on its standard individual income tax form a provision (i) | ||||||||||||||||||||||||
| 10 | indicating that if the taxpayer wishes to contribute to a | ||||||||||||||||||||||||
| 11 | qualified veterans home fund, as authorized by this amendatory | ||||||||||||||||||||||||
| 12 | Act of the 101st General Assembly, he or she may do so by | ||||||||||||||||||||||||
| 13 | stating the amount of the contribution (not less than $1) on | ||||||||||||||||||||||||
| 14 | the return and (ii) stating that the contribution will reduce | ||||||||||||||||||||||||
| 15 | the taxpayer's refund or increase the amount of payment to | ||||||||||||||||||||||||
| 16 | accompany the return. The provision shall list each qualified | ||||||||||||||||||||||||
| 17 | veterans home fund and shall allow the taxpayer to designate | ||||||||||||||||||||||||
| 18 | one or more of those funds for his or her contribution. Failure | ||||||||||||||||||||||||
| 19 | to remit any amount of increased payment shall reduce the | ||||||||||||||||||||||||
| 20 | contribution accordingly. This Section does not apply to any | ||||||||||||||||||||||||
| 21 | amended return. | ||||||||||||||||||||||||
| 22 | As used in this Section "qualified veterans home fund" | ||||||||||||||||||||||||
| 23 | means any of the following: | ||||||||||||||||||||||||
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| 1 | (1) the LaSalle Veterans Home Fund; | ||||||
| 2 | (2) the Anna Veterans Home Fund; | ||||||
| 3 | (3) the Manteno Veterans Home Fund; or | ||||||
| 4 | (4) the Quincy Veterans Home
Fund.
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| 5 | Section 99. Effective date. This Act takes effect upon | ||||||
| 6 | becoming law.
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