Bill Text: IL HB4161 | 2021-2022 | 102nd General Assembly | Chaptered
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax checkoff for donations to the 100 Club of Illinois Fund. Amends the State Finance Act to create the Fund. Provides that moneys deposited into the Fund shall be used to make grants to the 100 Club of Illinois for services in Illinois. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 31-10)
Status: (Passed) 2022-06-10 - Public Act . . . . . . . . . 102-1060 [HB4161 Detail]
Download: Illinois-2021-HB4161-Chaptered.html
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Public Act 102-1060 | ||||
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AN ACT concerning revenue.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Finance Act is amended by adding | ||||
Sections 5.935 and 6z-115 as follows:
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(30 ILCS 105/5.935 new) | ||||
Sec. 5.935. The 100 Club of Illinois Fund.
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(30 ILCS 105/6z-115 new) | ||||
Sec. 6z-115. The 100 Club of Illinois Fund; creation. The | ||||
100 Club of Illinois Fund is created as a special fund in the | ||||
State treasury. Subject to appropriation, moneys in the Fund | ||||
shall be used to make grants to the 100 Club of Illinois, a | ||||
not-for-profit charitable organization that provides resources | ||||
to the families of first responders killed in the line of duty | ||||
and active duty first responders.
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Section 10. The Illinois Income Tax Act is amended by | ||||
adding Section 507LLL as follows:
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(35 ILCS 5/507LLL new) | ||||
Sec. 507LLL. The 100 Club of Illinois Fund checkoff. For | ||||
taxable years ending on or after December 31, 2022, the |
Department must print on its standard individual income tax | ||
form a provision (i) indicating that if the taxpayer wishes to | ||
contribute to the 100 Club of Illinois Fund, he or she may do | ||
so by stating the amount of the contribution (not less than $1) | ||
on the return and (ii) stating that the contribution will | ||
reduce the taxpayer's refund or increase the amount of payment | ||
to accompany the return. Failure to remit any amount of | ||
increased payment shall reduce the contribution accordingly. | ||
This Section does not apply to any amended return.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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